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European energy groups seek UN backing for carbon pricing system

Six of Europe’s biggest oil and gas companies have banded together to ask the UN to let them help devise a plan to stop global warming.

In a sign of the rising pressure on fossil fuel companies ahead of a UN meeting in Paris to seal an international climate deal, the chief executives of groups including Royal Dutch Shell and Britain’s BP have sought direct talks with governments on creating 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 executives say in a letter to the Financial Times revealing their plan.

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