oil chiefs say.
Alrighty then.From the head of Shell (a member of USCAP)
Alternative energy sources, such as renewables, will not fill the gap, says Mr van der Veer, who forecasts that even with major technological breakthroughs, renewables could account for only 30 per cent of energy supply by the middle of the century.
“Contrary to public perceptions, renewable energy is not the silver bullet that will soon solve all our problems,” he writes.
From the head of Exxon (not a member of USCAP)...The ExxonMobil chief criticised the EU’s carbon trading system, calling it an administratively complex system that lacked transparency and failed to deliver a uniform and predictable cost of carbon. “It’s all about moving the money around,” he said.
Mr Tillerson said he would prefer a carbon tax that would enable the cost of carbon to spread through the economy in a uniform way, letting governments use the revenues to mitigate its effect by reducing employment or income taxes.
From the Times of London
