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BP, Shell, Statoil Offices Raided in Oil Price Fixing Probe

European Commission investigators raided the offices of oil companies BP, Royal Dutch Shell and Statoil as well as data collector Platts as part of a larger inquiry into price manipulation of the global crude market. The unannounced inspections were carried out because of concerns the companies may have colluded in … Read more »

Unilever, Shell, Swiss Re, Skanska Back Carbon Pricing

More than 100 international corporations including food and consumer products company Unilever, energy giants Royal Dutch Shell and Statoil, re-insurer Swiss Re and construction company Skanska have called on policymakers to develop a clear, transparent and unambiguous global carbon price to reduce greenhouse gas emissions. The joint statement, coordinated by … Read more »

Shell, GE Urge EU to Prop Up Carbon Market

Thirteen of Europe’s biggest companies, including General Electric, Royal Dutch Shell and Statoil, sent a letter urging the European Union to pull 1.4 billion CO2 permits to prop up the carbon market and encourage investment in green technologies. The letter comes ahead of the European Commission’s review of carbon-permit auctioning … Read more »