Big Oil Chief Executives Set to Start New Fund for Low-Carbon Research

摘要

Some of the world's biggest oil companies are setting up a fund to invest in the research and development of technologies to cut emissions of greenhouse gases and promote clean energy, a person with knowledge of the matter said Nov. 2. The investment will be unveiled by the chief executive officers of Saudi Arabian Oil Co., Royal Dutch Shell Plc, Total SA, BP Plc, Eni SpA, Statoil ASA and Repsol SA Nov. 4 in London, said the person, who asked not to be identified because the information isn't yet public and did not disclose the size of the fund.