Shell opposes 30% emissions reduction target

In June, Britain, France, and Sweden's environment ministers said they supported EU plans to move to a deeper, 30 percent emissions cut by 2020, compared with 1990 levels. But Italy, east European countries, and some business lobbies were opposed, saying it would impose higher costs on industry.

Shell has opposed these tougher EU carbon emissions targets. Shell's head of carbon dioxide Graeme Sweeney said a rise in targets to 30% would have “very real business risks” but that he said Shell would support a floor price for carbon across the continent as part of the EU Emissions Trading Scheme.
Reuters