WASHINGTON, June 1, 2015—World Bank Group President Jim Yong Kim issued the following statement today:
“I welcome the call today for a price on carbon by six of the world’s major oil and gas companies. This is an important step in global efforts to drive the world’s economy toward a low-carbon, resilient future and lower climate risks.
The CEOs of BG, BP, ENI, Royal Dutch Shell, Statoil and Total have signaled their intention to act and have drawn attention to the role business must play as governments prepare for climate talks in Paris at the end of this year. Clarity and ambition in Paris can help to reduce uncertainty and stimulate clean investment.
We need more business leaders from this industry and others to support putting a price on carbon, which will create new economic opportunities for sustainable energy sources and help move us toward a low-carbon future.”