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Euronav chief backs ‘gradual’ carbon levy

Hugo De Stoop tells Lloyd’s List he expects the crude tanker owner to finalise a plan for reducing its emissions over the next decade by the end of 2020

De Stoop believes a carbon levy on shipping fuels that increases gradually is more likely to be agreed on than a more aggressive one that will face an immediate backlash. He also explains why Euronav is not committing today to carbon neutrality in 2050

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