UPDATE 4-Pope backs carbon pricing to stem global warming and appeals to deniers [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Pope backs carbon pricing to stem global warming and appeals to deniers - Reuters 4 Min Read VATICAN CITY (Reuters) - Pope Francis said on Friday that carbon pricing is “essential” to stem global warming - his clearest statement yet in support of penalising polluters - and appealed to climate change deniers to listen to science. In an address to energy executives at the end of a two-day meeting, he also called for “open, transparent, science-based and standardised” reporting of climate risk and a “radical energy transition” away from carbon to save the planet. Carbon pricing, via taxes or emissions trading schemes, is used by many governments to make energy consumers pay for the costs of using the fossil fuels that contribute to global warming, and to spur investment in low-carbon technology. The Vatican said attendees of the closed-door meeting at its Academy of Sciences, a follow-up to one a year ago, included the CEOs of Royal Dutch Shell, Eni, BP, Repsol, Conoco Phillips, Chevron,
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