Singapore 'must guard its energy hub edge in push for net zero'
ExxonMobil and Shell raise issue of exporter countries with no or low carbon tax
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Singapore
SINGAPORE has to take into account the potential impact on the competitiveness of the export-oriented energy and petrochemical hub, as it accelerates its net zero carbon emissions target, two of the largest refiners in the city-state warned.
Geraldine Chin, chairman and managing director of ExxonMobil Asia-Pacific told The Business Times that the US oil major supports an explicit price on carbon to establish market incentives and provide the needed clarity and stability required for investments.
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