Saturday, 17 October 2015

Natural gas looking for a boost from carbon tax


Credit: www.examiner.com

At the World Gas Conference in Paris earlier this year (1-5 June), six major oil & gas companies (BP, Shell, Total, BG Group, Eni S.p.A. & Statoil) called for a price on carbon emissions.

Why would oil & gas companies propose a tax which would increase the price of their product?

Gas releases less carbon dioxide (CO2) than coal for each unit of heat energy produced. A relatively low price for CO2 emissions would give gas a price advantage over coal.

http://www.nature.com/news/natural-gas-stands-to-get-a-boost-from-carbon-tax-1.17705

http://www.statoil.com/en/NewsAndMedia/News/2015/Pages/01Jun_carbon.aspx
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