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Tata of India Follows Norway's Statoil on Carbon-Price Path

2016-06-20 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Tata Group, Indias biggest conglomerate, is following oil and mining companies including Statoil ASA in preparing to pay for their emissions. Mumbai-based Tata is installing a so-called shadow carbon price in the group, which spans motor car manufacturing, information technology consulting, tea production and steel, Paul Brooks, group director environment, said by e-mail on Thursday. Tata may be ready to buy emission credits in the future, he said. Fossil-fuel producers are among companies...

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