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Shell warns against UK carbon price floor plan

LONDON (Reuters) - Britain was making a mistake to try and underpin the European carbon price with its own tax, Anglo-Dutch oil giant Shell said on Thursday.

LONDON (Reuters) - Britain was making a mistake to try and underpin the European carbon price with its own tax, Anglo-Dutch oil giant Shell said on Thursday.

"We believe it would be a mistake to ... impose a carbon price at some assumed level in the UK in isolation," Graeme Sweeney, head of CO2 at Shell told an energy conference.

"We do not believe the UK should set its own internal carbon price. It can have the best impact by leading in Europe to make sure the EU ETS (emissions trading scheme) delivers that important carbon price signal."

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