• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 1 day "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 4 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days Demonising fossil fuels has caused major grid problem in Australia
  • 5 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 7 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 331 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
Economic Uncertainty Could Spark A Drop In Diesel Consumption

Economic Uncertainty Could Spark A Drop In Diesel Consumption

Growing economic uncertainty has put…

Iranian Food Consumption Plummets As Prices Soar

Iranian Food Consumption Plummets As Prices Soar

Soaring prices are weighing on…

Austria, Germany Slam EU For Labeling Nuclear Power, Natural Gas As Sustainable

The European Commission began this weekend expert consultations over whether nuclear power and some natural gas projects can be considered “sustainable” investments, receiving immediate backlash over “green nuclear” from Germany and Austria, which accused the EU’s executive branch of greenwashing.

“Taking account of scientific advice and current technological progress, as well as varying transition challenges across Member States, the Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future,” the EC said in a statement on Saturday.

Germany, the largest EU economy, and Austria were the first to react to the idea of labeling nuclear power as green. Germany—set to phase out all nuclear reactors by the end of 2022—is setting up for an EU fight with another major economy, France, which has most of its electricity generated from nuclear power and strongly supports labeling nuclear as a “sustainable” investment and energy source.

In Germany, Ricarda Lang of the Greens—which are now in the new coalition government—said on Monday that describing nuclear as “sustainable” is greenwashing.

“This is a form of greenwashing and we should not go with it,” Lang told German television ARD.

Germany’s neighbor to the south, Austria, also expressed opposition to nuclear power being labeled as “sustainable” and, unlike Germany, it criticized the European Commission for considering including some natural gas projects under the “sustainable” taxonomy.

“It’s clear for Austria: neither nuclear power nor fossil gas have been excluded from the proposed taxonomy,” Climate Protection Minister Leonore Gewessler said this weekend.

“If these plans are implemented as is, we will sue,” Gewessler added.

On Monday, the Austrian minister said in an interview with a local radio cited by Bloomberg: “Greenwashing atomic energy and fossil gas is completely unacceptable.”

Unlike Austria, Germany welcomed the inclusion of some gas projects as “sustainable.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on January 03 2022 said:
    Decommissioning nuclear power is hugely capital Intensive but a great skill set to have had be used as is mitigating the horrific impact of lignite coal mining.

    "Poland going nuclear" makes far too much sense to have had made be happen of course but with Turkey being consumed with *NOT QUITE* the Lebanese style Hyperinflation perhaps this all will change.

    I say again though Putin's Russia is being consumed with an energy crisis.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News