A letter was given to the PM today signed by 13 major UK Corporations, including BP and Shell, basically asking the Government to regulate them on Carbon Emissions.
They acknowledged that they needed to have strict targets for emmisions, and said that the only way it would happen was with regulation. This means that they would have a level playing field, and would not be "undercut" by competitors that were not investing in the Environment.
I think, especially for the Oil Companies, this is a big step forward.
Shame the Government only gives lip service to the environment itself, as revealed in the leaked draught of the paper the Government was going to give the G8 summit, which basically says "There is a Problem" and gives no direction or targets in which to aim at.