EU intends to stop financing oil and gas

The European Union continues to move systematically towards the complete abandonment of the use of fossil fuels.

According to Reuters, the heads of financial departments of the EU countries issued a joint statement, according to which the financing of oil and gas and coal projects should be completely stopped by the EU.

The publication notes that this statement was the first declaration of its kind, which was unanimously supported by the ministers of finance.

According to the editorial staff, the refusal to finance the extraction of fossil fuels jeopardizes the financing of a number of projects that are carried out by the EU financial unit, the European Investment Bank (EIB). The total cost of these projects is estimated at several billion euros.

According to a strategy previously adopted by the bank, starting in 2021, priority will be given to projects aimed at improving energy efficiency and reducing carbon dioxide emissions. Thus, the Europeans plan to stop the process of global warming, which is now observed on the planet.

It is difficult to say how the refusal to finance projects for the extraction of fossil fuels within the European Union can prevent global warming, but it is obvious that the "green energy" is not yet at that stage of development to become an equivalent substitute for fossil fuels.
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  1. Pishenkov Offline Pishenkov
    Pishenkov (Alexey) 19 November 2019 21: 50
    In the EU, too, cuts are practiced so that someone does not think that this is exclusively the prerogative of "developing" countries. And "green energy" is now the most "fruitful field" in Europe for such cases ... The topic is new, there are still few of those who really understand it, that is, for cuts and subsidized wiring ... wink Although global warming from such initiatives really slows down just as much as the fact that Greta Tunberg does not go to school on Fridays ... This has been scientifically proven for a long time, but nobody really cares ...
    And the fact that in this way "finally achieves" the already weak competitiveness of European industries only encourages the "green" activists. It is very interesting, but most of all European organizations for climate protection are financed precisely from those countries that themselves are not particularly involved in this ... And why would that be ??? wink
    1. Oyo Sarkazmi Offline Oyo Sarkazmi
      Oyo Sarkazmi (Oyo Sarkazmi) 19 November 2019 22: 31
      Quote: Pyshenkov
      Tunberg doesn’t go to school on Fridays ...

      And if she did, she would do less harm in terms of emissions.
      Judge for yourself. She gathered a press conference, and this was three thousand people gathered on airplanes, cars, turned on the lights, air conditioners at full power, TV towers raised the power on the transmitters, millions of hamsters turned on the televisions - the press conference led to the release of 200 tons of carbon dioxide in a couple of days.
      And she would sit at home and study - only 6 tons per year of carbon dioxide were thrown into her soul.
      1. Pishenkov Offline Pishenkov
        Pishenkov (Alexey) 19 November 2019 23: 22
        ... well, yes, something like that wink
    2. Pivander Offline Pivander
      Pivander (Alex) 21 November 2019 08: 18
      But the cuts, as usual, fall on the shoulders of consumers. Electricity is more expensive every year thanks to the green initiative.
      1. Pishenkov Offline Pishenkov
        Pishenkov (Alexey) 21 November 2019 10: 32
        Absolutely correct. In Europe, it is energy that has risen sharply due to the fact that all energy companies were obliged to pay "green taxes" on the development of "green energy", and then also to buy this "green" energy from producers at times more expensive than from conventional power plants ( coal, gas, hydro, nuclear). All this, naturally, led to a rise in prices for all European products without exception, a decrease in competitiveness and the export of production to more favorable countries. And the costs of the population, accordingly, also increased, because the payment for energy in the EU is their lion's share, and this led to a decrease in purchasing power, and so on - some positives, in short. recourse
  2. g1washntwn Offline g1washntwn
    g1washntwn (George Washington) 20 November 2019 06: 13
    It’s easy to give up what is already missing.
  3. oracul Offline oracul
    oracul (leonid) 20 November 2019 07: 54
    Yes, the flag in their hands, let them experiment. Russia has its own tasks: a vast territory, low population density, high costs for infrastructure and the arrangement of life. They blather there about the need to reduce the population, let them shrink and not clog the ground with windmills.