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...
News
Lack of long-term investment slows hydrocarbons production
Publish date: March 31, 2006
Shortcuts on this page
News
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.
More News
All news
Electrification Action Plan – Bellona Europa’s Reaction
On 17 July, the European Commission unveiled the long-awaited Electrification Action Plan (EAP), alongside with a regulation...
Press Release – EU ETS
Today, the European Commission published its long-awaited proposal for the review of the EU Emissions Trading System (ETS), ...
Joint Letter: Enabling CO₂ storage in the Baltic Sea region under the Helsinki Convention
In July 2026, Bellona Europa joined 24 other industry, research, and civil society organisations in calling on the Contracting Parties to the Helsink...
Joint Letter: Call for the Rapid Implementation of Penalties in Member States under Article 23 of the Net-Zero Industrial Act
In July 2026, Bellona Europa, Clean Air Task Force, Carbon Balance Initiative and Cement Europe, joined by a broad coalition of industry associations...
Subscribe to our newsletter
Get our latest news