Tuesday, August 5, 2008

Auctioning for Refiners Should Be Phased-in Under EU ETS

Shell CEO: Auctioning for Refiners Should Be Phased-in Under EU ETS.World Refining & Fuels Today (July 1, 2008)(210 words) From General OneFile.

Refining and other industries that face significant global competition should have auctioning phased-in under the EU Emissions Trading System (ETS), Shell CEO Jeroen van der Veer said in a speech yesterday.

"Shell recognizes that auctioning is an integral design feature of the ETS," he said. "We do not oppose auctioning.

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