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European energy firms seek U.N. help for carbon pricing system

Jun. 01, 2015 3:06 AM ETShell plc (SHEL) StockBP, TTE, SHEL, E, BRGYY, EQNRBy: Yoel Minkoff, SA News Editor
  • Europe's six largest oil and gas groups have united together in seeking help from the United Nations to stop global warming and create a global carbon pricing system.
  • "We owe it to future generations to seek realistic, workable solutions to the challenge of providing more energy while tackling climate change," the companies' executives said in a letter to the FT.
  • The step comes as nearly 200 countries prepare to sign a global climate pact at a U.N. conference in December.
  • Companies involved: Shell (RDS.A, RDS.B), Total (NYSE:TOT), BP, BG Group (OTCQX:BRGYY), Statoil (STO) and Eni (NYSE:E).
  • Previously: Europe's oil giants look to add unified voice to climate debate (May. 20 2015)

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