EU pauses methane penalties amid energy crisis, US pressure
EU pauses methane penalties amid energy crisis, US pressure The European Commission says waiving penalties will ensure the security of energy supply. The...
Key points
- EU pauses methane penalties amid energy crisis, US pressure The European Commission says waiving penalties will ensure the security of energy supply.
- The European Union has recommended the suspension of penalties for oil and gas companies that breach its methane emissions standards, following pressure from the United States and other countries.
- The European Commission on Monday said that EU member states should not apply penalties in 2027-2030 in order to avoid energy supply disruptions.
- Recommended Stories list of 3 items- list 1 of 3Yemen’s Houthis declare naval blockade of Saudi Arabia: What to know - list 2 of 3Spain go back to the top of FIFA rankings, Morocco reach record high - list 3 of 3Iran says diplomatic efforts ongoing via mediators amid fighting with US The commission said the suspension would give importers time to reach compliance “while ensuring security of supply in a context of global energy markets tightness caused by the ongoing blockade of the Strait of Hormuz and the conflict in the Middle East“.
What happened
EU pauses methane penalties amid energy crisis, US pressure The European Commission says waiving penalties will ensure the security of energy supply. The European Union has recommended the suspension of penalties for oil and gas companies that breach its methane emissions standards, following pressure from the United States and other countries. The European Commission on Monday said that EU member states should not apply penalties in 2027-2030 in order to avoid energy supply disruptions. Recommended Stories list of 3 items- list 1 of 3Yemen’s Houthis declare naval blockade of Saudi Arabia: What to know - list 2 of 3Spain go back to the top of FIFA rankings, Morocco reach record high - list 3 of 3Iran says diplomatic efforts ongoing via mediators amid fighting with US The commission said the suspension would give importers time to reach compliance “while ensuring security of supply in a context of global energy markets tightness caused by the ongoing blockade of the Strait of Hormuz and the conflict in the Middle East“. The US and other oil- and gas-producing states, as well as fossil fuel industry groups and some EU member states, had demanded changes to the law. The commission...