BRUSSELS (Reuters) – European leaders aim to agree a new decade of energy policy to cut climate-warming gas emissions out to 2030 at an EU summit on Thursday, though sharp differences over sharing the cost means a deal could elude them.
The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world.
BRUSSELS, Oct 22 (Reuters) – EU leaders face hours of
haggling as they seek to agree on a new decade of climate and
energy policy at talks beginning on Thursday, with nations from
Poland to Portugal threatening to block a deal.
If the European Union can manage an accord, including a more
ambitious greenhouse gas cut, it will be the first major bloc to
set an emissions target for 2030 and would set the tone ahead of
United Nations talks next year on a global pact to manage
BRUSSELS (Reuters) – Portugal warned on Wednesday it could block an EU plan to cut greenhouse gas emissions if other states at a summit this week reject a binding target for building cross-border power cables and pipelines.
“We will not support a deal that does not include a binding target because we need to create a stable, predictable regulatory framework in order to attract private investment,” Bruno Macaes, Portugal’s secretary of state for Europe, told Reuters.
BRUSSELS (Reuters) – Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev’s ability to pay.
After a day of talks widely expected to be the final word, European Energy Commissioner Guenther Oettinger told a news conference the three parties agreed the price Ukraine would pay Russia’s Gazprom – $385 per thousand cubic metres – as long as it paid in advance for the deliveries.
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.
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.
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.
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.
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.
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.