EurActiv: Four Fortune 500 companies have written to the UK's energy minister, Ed Davey, calling for the rapid cancellation of two billion carbon allowances as EU energy and environment ministers begin two days of high-stakes policy talks in Brussels.
The CEOs of four companies -- Alstom UK, Shell UK, Doosan and SSE -- all warn that the six-year wait for light reform of the Emissions Trading System (ETS) proposed in the EU's 2030 climate and energy package, neglects an "immediate problem' of carbon credit...