September 04, 2007: 02:08 PM EST
ABERDEEN, Scotland -(Dow Jones)- Developing commercially viable carbon capture and storage, or CCS, technology should be a major priority for companies and governments all over the world because renewable energy sources will not be able to replace oil and gas quickly enough, a senior executive at Royal Dutch Shell PLC (RDSB.LN) said Tuesday.
“Without CCS, fossil fuel use would have to be cut by more than half,” Malcolm Brinded, Executive Director of Exploration and Production at the Anglo-Dutch company, said at the Offshore Europe conference in Aberdeen.
“Nuclear would have to grow twice as fast … thousands more wind turbines would be needed. And a new vehicle fleet would have to run largely on biofuels and electricity, with petrol and diesel fuel almost completely phased out,” he said.
A change this drastic would be very difficult to achieve quickly, so CCS – which could reduce emissions from major industrial sources of carbon dioxide such as power stations by up to 90% – is necessary to smooth the transition to more widespread renewable energy, he said.
Brinded said cap-and-trade systems, like the European Union’s Emission Trading Scheme, are the best way to encourage the development of low carbon technologies in the long term.
Robert Olsen, Director of Production at ExxonMobil Corp. (XOM), disagreed that cap and trade is the way forward. The price put on carbon in the European Emissions Trading Scheme, which has varied from EUR30 a ton to less than EUR1 a ton, is too volatile to make large, long-term investments in clean energy technology, he said.
Energy companies need a more uniform, predictable cost of carbon across the whole economy, such as a carbon tax, he said.
Brinded said it was important that governments support the early stages of carbon capture technology with extra funding for demonstration projects. “These sort of transformations to a sector will not happen just through market mechanisms,” he said.
-By James Herron, Dow Jones Newswires; Tel: +44 207 842 9317; james.herron@ dowjones.com
(END) Dow Jones Newswires
09-04-07 1408ET
Copyright (c) 2007 Dow Jones & Company, Inc.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
