Reuters: Focus on nuclear and shale, not carbon, Chevron boss tells Europe

Chevron Chief Executive Officer John Watson on Wednesday rejected calls by European peers to introduce a price for carbon emissions, saying the region should instead focus on shale gas and nuclear power.

In a blunt speech to the OPEC seminar in Vienna, Watson elaborated on why he opted not to join the heads of Europe's six top oil and gas companies including Royal Dutch Shell, BP and Total in a letter published earlier this week urging governments around the world to introduce a pricing system for carbon emissions.

"I understand the concerns but I don't think putting a price on carbon is an answer... I don't think it is a policy that can be effective," Watson said.

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