The five biggest oil and gas companies, and their industry groups, have spent at least €251m (£217m) lobbying the European Union over climate policies since 2010, research has revealed. The data on the scale of lobbying by oil companies and their representatives comes as 200 organisations demand the setting up of a firewall around democratic politics to protect it from the influence of the fossil fuel industry.
Guardian 24th Oct 2019 read more »
A report by the Carbon Tracker Initiative has revealed 79% of EU coal plants are running at a high financial loss because they can’t compete with cheap renewables. A German company faces the biggest loss. The majority of coal plants in the European Union (EU) are unprofitable and could face losses of nearly €6.6 billion ($7.3 billion) this year, the Carbon Tracker Initiative reported on Thursday. The London-based think tank analyzed the numbers behind every coal plant in the EU, concluding that 79% of the electricity-generating power stations are running at a loss.
Deutsche Welle 24th Oct 2019 read more »