Shell May Boost Internal Carbon Price as Emission Rules Tighten

Royal Dutch Shell Plc may boost the internal carbon emissions price it uses for planning new projects if governments tighten climate rules, according to an executive in its emissions unit.

Europe’s biggest oil company budgets for future capital investment on the assumption it will pay $40 a metric ton for carbon emissions, according to Angus Gillespie, vice president of CO2. That’s almost six times the current price for pollution rights in the European Union’s carbon market, the world’s biggest.