Deputy Energy Editor, EMEA
Barbara's Feed
Oct 21, 2014

EU says Honeywell, DuPont car refrigerant deal may be illegal

BRUSSELS, Oct 21 (Reuters) – U.S. firm Honeywell
International Inc’s joint venture with chemicals company
DuPont to produce a new refrigerant for car air
conditioning systems to meet new environmental rules may be
anti-competitive, the European Commission said on Tuesday,
following a near-three year probe.

The Commission said the agreements between the two companies
related to the new coolant, known as R1234yf, may have blocked
rivals keen to participate in its development and production.

Oct 21, 2014

Ukraine, Russia, EU energy chiefs meet to finalise gas deal

BRUSSELS, Oct 21 (Reuters) – Russia and Ukraine aim to
resolve an impasse over natural gas supplies on Tuesday as their
energy ministers meet in Brussels for talks brokered by the
European Union’s energy commissioner.

Citing unpaid bills worth more than $5 billion, Russia cut
off gas flows to Kiev in mid-June, adding to tensions sparked by
Russia’s annexation of Ukraine’s Crimea region.

Oct 16, 2014

EU climate chief says energy, climate deal next week ‘feasible’

DEAUVILLE, France, Oct 16 (Reuters) – EU leaders are likely
to agree a new decade of climate and energy policy next week
despite the “legitimate concerns” of several nations, Europe’s
climate boss said on Thursday.

European Union leaders have set themselves a deadline of the
end of October to agree on green energy goals for 2030 to follow
on from 2020 policy.

Oct 16, 2014

Belgian, Swedish ethanol producers targeted in EU antitrust raids

BRUSSELS, Oct 16 (Reuters) – Belgian ethanol producer
Alcogroup and Swedish peer Lantmannen Agroetanol were raided by
European Union antitrust regulators last week as they widened a
17 month long investigation into suspected rigging of oil and
biofuels price benchmarks.

Regulators have in recent years cracked down on alleged
price-fixing across a series of benchmarks in the financial,
energy and commodities markets where even a small distortion can
have a major impact on prices.

Oct 16, 2014

Exxon Mobil votes with feet to stay in EU as energy laws loom

ANTWERP Belgium (Reuters) – Exxon Mobil is pouring $1 billion into a refinery in the European Union, setting aside concerns ranging from poor margins to EU green energy rules due to be agreed next week that will cut demand for oil.

The company, which believes all its oil and gas reserves will be ultimately be needed to meet future demand, despite efforts to curb climate change, says the Antwerp refinery upgrade is one of its highly strategic long-term investments.

Oct 8, 2014

EU abandons ‘dirty’ label for Canada tar sands oil

BRUSSELS/CALGARY, Oct 7 (Reuters) – A European Union plan to
label Canadian tar sands oil as highly polluting as part of its
fight against climate change has been abandoned after years of
opposition from Canada, clearing the way for exports of tar
sands crude to the European market.

A proposal published by the European Commission on Tuesday
removes what could have been an EU obstacle to shipments of the
crude and comes at a time when tensions between the EU and its
top oil supplier, Russia, are running high.

Oct 8, 2014

First new British nuclear plant in decades wins EU funding fight

BRUSSELS (Reuters) – A British plan to guarantee the price of power from its first new nuclear project in decades won European Union backing in a landmark ruling on Wednesday that threatens to trigger legal challenges.

Seen as market-distorting state aid by opponents, the price guarantee was approved in a 16-to-5 vote with one abstention in a tense meeting of the College of Commissioners, sources told Reuters. Not all 28 members were present.

Oct 8, 2014

First new British nuclear plant in a generation wins EU funding fight

BRUSSELS (Reuters) – A British plan to guarantee the price of power from its first new nuclear project in a generation won European Union backing in a landmark ruling on Wednesday which threatens to trigger legal challenges.

Seen as market-distorting state aid by opponents, the price guarantee was approved in a 16-to-5 vote with one abstention in a tense meeting of the 28-member College of Commissioners, sources told Reuters. Not all commissioners were present.

Oct 8, 2014

EU regulators approve UK nuclear plant project with EDF

BRUSSELS, Oct 8 (Reuters) – European Union regulators
approved Britain’s proposed 16 billion pound ($25.7 billion)
nuclear power station to be built by French utility EDF
, two sources familiar with the matter said.

The project at Hinkley Point, southwest England, is part of
Britain’s strategy to replace a fifth of its ageing nuclear
power and coal plants and provides a major export contract for
France.

Oct 7, 2014

EU poised to agree 2030 climate, energy goals-draft

BRUSSELS, Oct 7 (Reuters) – EU leaders are poised this month
to agree three new, tougher climate and energy goals for 2030
and poorer nations will get help to shoulder the cost, according
to a draft document prepared for summit talks, seen by Reuters.

The document, dated Oct. 7, showed the European Union is
considering a 40 percent cut in greenhouse gas emissions by 2030
compared with 1990 levels. It is also seeking a 30 percent
increase in energy savings compared with projected consumption
and a goal to get 27 percent of energy used from renewable
sources.