Oil Giants Band Together to Add Voice to Climate Debate
This article is for subscribers only.
Europe’s largest oil companies are banding together to forge a joint strategy on climate-change policy, alarmed they’ll be ignored as the world works toward a historic deal limiting greenhouse gases.
Royal Dutch Shell Plc, Total SA, BP Plc, Statoil ASA and Eni SpA are among oil companies that plan to start a new industry body, or think tank, to develop common positions on the issues, according to people with knowledge of the matter. So far the largest U.S. companies -- Exxon Mobil Corp. and Chevron Corp. -- have decided not to participate, the people said, asking not be named before a public announcement expected as early as next month.