Joint letter – ICC reform and expansion risks diverting ETS Revenues from real climate action
In light of the European Commission’s ongoing considerations to amend the ETS State Aid Guidelines, revising the rules for Indirec...
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Lack of long-term investment slows hydrocarbons production
Publish date: March 31, 2006
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Lack of long-term investment slows hydrocarbons production
A lack of investment in new deposits and poor reproduction of hydrocarbons is slowing down the development of the mineral sectors.
"Companies only find money to invest in production but not for the long-term prospective," said the chairman of the Federation Council’s committee for natural resources Viktor Orlov. According to Orlov, oil and gas production will exceed reproduction in the nearest 14 years. In other words, geological prospecting only replenished 60-65% of extracted reserves, RIA Novosti reported.
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New PCI/ PMI list and its role for European decarbonisation
Today, the European Commission adopted a new Union list of energy Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs), granting...
Joint Letter – Recommendations for an Industrial Accelerator Act to Unlock Industrial Competitiveness in Central and Eastern Europe
Central and Eastern European economies that have historically relied heavily on energy-intensive industries now face challenges in modernising their ...
Press Release – Fossil giants fight to avoid accountability, leaving Europe’s industry to face the consequences
By Carbon Balance Initiative (CB), Clean Air Task Force (CATF) and Bellona Europa As reported by Euractiv, at least 15 oil and gas producers...
Press Release – EU Bioeconomy Strategy Must Establish a Robust Biomass Hierarchy
Three main asks: Establish a robust EU biomass hierarchy to ensure limited bioresources are directed to the highest climate value and...
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