EUX-TV: Shell CEO wants incentives for carbon storage
Monday, April 07, 2008 at 11:47
BRUSSELS (EUX.TV) — Royal Dutch Shell Plc on Monday called on European governments and EU law-makers to speed up legislation that gives the industry incentives to store carbon-dioxide underground. Companies that apply carbon-storage should be able to earn credits in the emissions trading system (ETS), the oil giant said.
In a speech due to be held tonight, Jeroen van der Veer, chief executive of the company, said that carbon storage, known as CCS, is not to be considered as an option for reducing emissions if companies are not given incentives.
“Because CO2 capture and storage adds costs and yields no revenues, government action is needed to support and stimulate investment quickly on a scale large enough to affect global emissions,” Van der Veer said in a copy of the speech that was posted on the company’s website.
Capturing Carbon – A new front in the fight against climate change:
“At the very least, companies should earn carbon credits for the CO2 they capture and store,” he said.
“We would support CCS projects being granted credits for the CO2 they capture and store, tradable in the ETS market. This could provide the necessary incentive to trigger private sector investment and make CCS happen today,” Van der Veer said in his speech.
Other speakers at the ‘Friends of Europe’ conference on Monday will be the EU’s foreign policy chief Javier Solana, Luxembourg MEP Claude Turmes and representatives of the European Commission and the International Energy Agency. ‘Friends of Europe’ is a group that allows representatives of European industries to engage directly in debate with EU lawmakers.
— From the EUX.TV newsroom [email protected]
http://www.eux.tv/article.aspx?articleId=20093 (has link to YouTube video clip)
Headline by John Donovan of www.royaldutchshellplc.com
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
