OIL AND GAS SECTOR STILL LEFT WITH QUESTIONS OVER EMISSIONS REDUCTIONS AFTER COPENHAGEN SUMMIT
December 1st, 2009
BY KEITH NUTHALL, EMMA JACKSON and ERIC LYMAN
THE COPENHAGEN climate change conference ended on December 18 with an accord where key world economies promised to make binding agreements to cut carbon emissions. But detail on exactly how much will be settled at a later date, meaning its long term effects on the oil and gas industry are unclear.
The conference was supposed to update the Kyoto Protocol, whose key emissions reduction commitments target date is 2012. But it fell short. Critically, this accord is a political document, leading to legally binding ...
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