Limiting fossil-fuel supplies to combat climate change may be more attractive for governments than trying to negotiate a global emissions cap, according to Andy Howard, an adviser to Critical Resource Strategy & Analysis Ltd. Nations producing coal, oil and natural gas could protect revenue by applying “supply-side discipline” such as handing out fewer drilling licenses, Howard said by phone Wednesday. London-based commodities consultant Critical Resource last month set up a panel headed by former BP Plc chief executive officer John Browne to advise the fossil-fuel industry on United Nations climate talks. Even as nations and the energy industry produce less fossil fuel, “they can still make more money out of it” and help protect the climate as prices rise, said Howard, a former Goldman Sachs Group Inc. managing director. “If the industry could act in a disciplined way, it could operate profitably at a lower volume.” Andy Howard — […]