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EBRD can finance LUKOIL’s environmental activities

Publish date: January 30, 2007

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EBRD can finance LUKOIL’s environmental activities

European Bank of Reconstruction and Development (EBRD) can allocate LUKOIL company about 300 million dollars for environmental safety measures implementation.

Council of directors of the Bank will discuss this matter on February 20, RusEnergy reports. LUKOIL can finance events, connected with health and nature protection, including pollution liquidation, pipelines repair, side gas utilization and others.

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6th meeting of the Carbon Removal Expert Group summary and feedback

The Carbon Removal Certification Framework (CRCF) has been formally approved by the Council on the 19th of November 2024 and entered into force on the 9th of December 2024, providing an official mandate for the Commission to develop methodologies on carbon farming and carbon removals. However, the technical documents and specifications are still being drafted and revised for input from the Carbon Removals Expert Group (CREG), of which Bellona is a member.

11/04/2025

Press Release – 2040 Target: EU must stick to stated commitment to 90% target to retain industrial competitiveness

Recent reports suggest Commission is backsliding on 2040 target commitment. Flexibilities reportedly being discussed include a weaker traje...

04/04/2025

Norway opens new Arctic oil fields – named after sea ice phenomenon that the very same oil will contribute to melting

Monday this week, Norwegian state-owned petroleum company Equinor (with partners Vår Energi and Petoro) started production at a new Arctic site, with...

03/04/2025

Photo: Christening of Northern Lights’ first CO₂ carrier in Stavanger in 2025, by Olav Øye

A great leap towards a scaled European market for CCS: Northern Lights expands storage capacity, will store CO₂ from Stockholm

Europe’s only multi-source, injection-ready CO₂ storage site will more than triple its capacity by 2028. The decision follows an agreement with Stockholm Exergi to transport and store up to 800 – 900 kilotonnes of CO₂ per year. “This decision is years in the making, and the culmination of decades of hard work from many, Bellona included” says Bellona Europa Director Jonas Helseth.

02/04/2025

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