Shell Australia Chairman, Russell Caplan, said: “Shell believes that establishing an emissions trading scheme is an important part of meeting the challenge of increased energy demand and the global need to tackle climate change.”
“We believe government regulation is required globally, with predictable policies that incentivise CO2 reduction through market mechanisms. This White Paper is a step toward providing that certainty.
“We welcome that petroleum refining and LNG are likely to qualify as emissions intensive trade exposed industries. Trade exposure remains a significant challenge for our business, especially for our refineries which are already under pressure.”
Shell has worked closely with the Australian Government throughout the development of its White Paper and welcomes the wide-ranging stakeholder consultation that the Government has conducted.
For further information, please contact:
Claire Wilkinson, Claire.Wilkinson@shell.com, +61 (0) 416 924 822
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