Petroleum refiners have teamed up with other energy-intensive industries to warn about EU plans to hike the cost of emitting carbon dioxide, echoing previous warnings about "carbon leakage" which critics say have failed to materialise.
Making coal power look like a worthy candidate for taxpayer support in a Europe moving to low carbon generation is no easy trick. A recent study tried to pull off this illusion and failed miserably, explains Dave Jones.
European countries spend more than €112 billion per year subsidising oil, gas and coal production or consumption – including tax breaks on highly-polluting diesel – despite a pledge to phase out fossil fuels completely by 2020.
A European Commission proposal aimed at capping fossil fuel subsidies across the EU could have perverse effects by promoting investment in new gas-fired fossil fuel power instead of renewable energies, according to a new study.
The ongoing reform of the Energy Performance of Buildings Directive (EPBD) offers a once-in-a-decade opportunity to make European buildings and cities of today fit for the low pollution, electric transport of tomorrow, writes Teodora Serafimova.
Considered almost dead and buried a few years ago, carbon capture and storage (CCS) is enjoying renewed support among environmentalists, providing fresh hopes that the much decried technology may finally be coming of age and play its part in the fight against climate change.
Doubts about the effectiveness of the European Union’s Emissions Trading System (ETS) resurfaced on Tuesday (19 September) at an energy conference in Estonia, as a low carbon price continues to stymie energy market efforts.
The terms of the Paris Agreement are set in stone, the EU, China and Canada agreed at a summit in Montreal this weekend, while Washington was forced to deny that the US is planning to stay in the accord.
Environmental activists have accused Greece of violating an international convention by directly granting permits to its national energy company and making it impossible for anyone to launch a legal challenge against them.
French Ecology Minister Nicolas Hulot proposed on Wednesday (6 September) a bill to end the modest production of hydrocarbons in France, hoping to lead by example. EURACTIV's partner Ouest France reports.
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While having the full production cycle, LUKOIL exercises full control over the whole production chain — from oil and gas production to petroleum product sales. LUKOIL's goal is to create new value, maintain high profitability and stability of its business, deliver high return on capital employed for its shareholders by increasing the value of the LUKOIL's assets and the payment of cash dividends.
To achieve these goals, LUKOIL shall use all available opportunities, including further efforts to reduce costs, increase the efficiency of its operations, improve the quality of its products and services and use new advanced technologies.
Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, LUKOIL is guided by the highest HSE standards. In its operations the LUKOIL pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development.
LUKOIL’s corporate mission is to make the energy of natural resources serve the interests of mankind, to efficiently and responsibly develop the unique hydrocarbon fields by providing Company growth, the wellbeing of its employees and community at large.