Big Oil Companies Back Agreement to Prevent Climate Change

Updated on
  • CEOs meeting in Paris don't reach agreement on carbon pricing
  • Chinese may join group, which doesn't include U.S. producers

Pump jacks at an oil field over the Monterey Shale formation near Lost Hills, California.

Photographer: David McNew/Getty Images

Ten major energy companies declared their support for a global deal to prevent climate change, but stopped short of offering unanimous backing for carbon pricing.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.