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Shell CEO:UK Should Divert Investment From Offshore Wind To Gas

OCT 12, 2010

LONDON (Dow Jones)–The U.K. government should divert investment from offshore wind power to natural gas exploration and production, Peter Voser, chief executive of energy giant Royal Dutch Shell PLC (RDSB.LN), said Tuesday.

It will be impossible to hit 2020 carbon dioxide emission reductions targets without increased use of natural gas in the country, Voser said at the Oil and Money conference in London. Using natural gas instead of coal is also a cheaper way to cut emissions than offshore wind, he said.

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected]

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