Deputy Energy Editor, EMEA
Barbara's Feed
Jul 8, 2015

Tsipras pledges reform to European parliament

STRASBOURG, July 8 (Reuters) – Alexis Tsipras strode in to a
Greek hero’s welcome in the European Parliament on Wednesday,
from allies on the left but also from far-right nationalists who
hope Greece is about to start breaking up the euro, and the EU.

The young prime minister, looking relaxed after EU leaders
handed him a Sunday deadline to secure a bailout deal, pledged
to deliver sweeping reforms of an economy crippled not just by
recent, creditor-imposed austerity but by decades of corruption
and political connivance with powerful vested interests.

Jul 8, 2015

European Parliament backs compromise in step towards U.S. trade deal

STRASBOURG (Reuters) – European lawmakers on Wednesday backed a compromise plan designed to spur negotiations on a trade pact between the European Union and the United States and overcome deep divisions within the European Parliament.

Opposition to the proposed trade pact between the EU and the United States, which would be the world’s biggest, has focused on its provision for private arbitration. European opponents say this would allow U.S. multinationals to challenge European food and environmental laws on the grounds they restrict commerce.

Jul 8, 2015

EU politicians back carbon market 2019 reform start

STRASBOURG, France, July 8 (Reuters) – The European
Parliament on Wednesday approved a proposal to begin reform of
the world’s biggest carbon market in 2019, clearing the last
major hurdle before the plan can become law.

EU carbon allowances at around 7.50 euros per tonne
were little changed after the vote, which had been
largely expected.

Jul 8, 2015

Tsipras pleads for fair deal for Greece in EU parliament

STRASBOURG (Reuters) – Greek Prime Minister Alexis Tsipras pleaded in the European Parliament on Wednesday for a fair deal to keep his country in the euro zone, acknowledging Greece’s own responsibility for its plight, after EU leaders gave him five days to come up with reforms.

With its banks closed, cash withdrawals rationed and the economy in freefall, Greece has never been closer to a total state bankruptcy that would probably force it to print an alternative currency and leave the euro.

Jul 8, 2015

Greek PM tells EU parliament will reform for aid

STRASBOURG (Reuters) – Greek Prime Minister Alexis Tsipras assured the European Parliament on Wednesday that he would deliver sweeping reform proposals this week to secure a bailout funding deal that can keep Greece in the euro zone.

Greeted with cheers to a packed chamber in Strasbourg, from fellow leftists but also from anti-EU members on the far-right, the 40-year-old premier said he was determined to fix years of bad government as well as reverse the increasing inequalities caused by five years of creditor-imposed austerity.

Jul 7, 2015

EU politicians set to back carbon market 2019 reform start

STRASBOURG, France (Reuters) – The European Parliament on Wednesday is expected to back a 2019 start to reform of the world’s largest emissions market in a step toward deeper change and higher carbon prices.

The aim is make the EU Emissions Trading System strong enough to spur investment in lower-carbon energy and comes ahead of U.N. talks in Paris at the end of the year over a deal to curb global warming.

Jul 7, 2015

From rats to yellow tomatoes: the new EU business model

RIGA/STRASBOURG, France, July 7 (Reuters) – A Soviet-era
rubbish dump in a swamp on the outskirts of Riga was once an
obstacle to Latvia’s European Union membership. Now, it’s
becoming a model of the resource use and waste management EU
policymakers are striving to promote.

For Rigans, the new symbols of the Getlini landfill are
yellow tomatoes grown with renewable energy generated from
methane produced by waste.

Jul 7, 2015

EU’s Juncker challenges Greeks, Germans to avoid Grexit

STRASBOURG (Reuters) – Jean-Claude Juncker, the EU’s chief executive, chided the Greek government and his own German critics on Tuesday and pledged to counter those he said were secretly trying to force Greece out of the euro zone.

In a speech to the European Parliament in Strasbourg ahead of a crunch euro summit in Brussels later in the day, the European Commission president said he would work to avoid Grexit but warned: “There are some in the European Union who openly or secretly are working to exclude Greece from the euro zone.”

Jul 2, 2015

Biggest obstacle to Russia gas deal is Moscow’s refusal to sign -Naftogaz

BRUSSELS, July 1 (Reuters) – The biggest obstacle to a gas
supply deal between Moscow and Kiev is not the price, but
Russia’s refusal to sign a legally binding agreement, the head
of Ukraine’s state gas firm Naftogaz said in an interview on

Naftogaz Chief Executive Andriy Kobolev was
speaking in Brussels the day after talks between Ukraine and
Russia, brokered by the European Commission, collapsed without
agreement, leading Ukraine to halt imports of gas from Russia.

Jun 30, 2015

BP’s chief economist sees U.S. shale weathering oil surplus

BRUSSELS (Reuters) – Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP’s chief economist said on Tuesday.

Talks in Vienna between world powers trying to end sanctions on Tehran in return for limits on Iran’s most sensitive nuclear activities could bring a significant increase in Iranian oil exports.