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Why Shell Oil Supports California’s Climate Change Legislation

Shell CEO is pro-AB 32, but stands by taking legal action against environmentalists in Alaska

Shell, US

Shell has partnered with MIT to explore carbon sequestration.

Royal Dutch Shell CEO, Peter Voser affirmed his company’s commitment to AB 32, California’s climate change legislation, and also explained why a carbon trading system is crucial to the development of alternative energy sources.

“We are clearly in favor of cap and trade systems,” he said to an audience of Silicon Valley business people and climate experts Wednesday in Burlingame. “We’d like to have it globally, to level the playing field.”

This statement from Shell, the global oil and gas company headquartered in the Netherlands and one of the world’s largest companies, is notable when you consider the strong opposition to AB 32 from the oil industry at large. In 2010, Proposition 23 attempted to derail the imposition of AB 32 provisions and was largely bankrolled by Tesoro and Valero, two Texas oil companies.

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