Gas, technology ‘key to climate change’

Oil and gas giant ExxonMobil says it recognises the risks of climate change but gas fired power and technological advances hold the answer, not renewable resources or carbon trading schemes. ExxonMobil Australia chairman Mark Nolan says the company does not believe climate change has been conclusively scientifically proven, but it is still taking the risk seriously.

“The biggest near term opportunity for greenhouse gas reductions in Australia can be achieved without high cost carbon taxes emission trading schemes but simply by levelling the playing field from a tax point of view and encouraging more gas in base load power generation,” he said.

theage