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Billion dollar investments

Posted by Otto Knotzer on February 12, 2020 - 9:54am

Billion dollar investments

EU parliament allows gas production

Date:
02/12/2020 05:45 p.m.
The EU actually wants to become "climate neutral" by 2050. Nevertheless, funds should flow into cross-border gas projects in the coming years.

Pipes for the Nord Stream 2 natural gas pipeline
Pipes for the Nord Stream 2 natural gas pipeline
Credit: Danny Gohlke / dpa
The EU Parliament has cleared the way for the funding of gas projects worth billions in the EU. The MPs rejected an appeal from Greens and Leftists, who reject further investments in fossil energy projects as harmful to the climate.

The Greens criticize that around 29 billion euros could be spent on natural gas projects alone. The CDU MP Markus Pieper, on the other hand, said: "It is fundamentally wrong to panic about climate protection and to demonize everything that has to do with gas."