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Reply #8: EU proposes break-up of energy giants [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-11-07 06:31 AM
Response to Reply #7
8.  EU proposes break-up of energy giants
The grip of Europe's energy giants on the Continent's oil and gas markets will come under threat today when the European Commission unveils plans which could mean formal separation of supply and generation companies.

A policy document will express a preference for full "unbundling" of ownership, but will also offer a less radical shake-up under which companies such as E.on and Electricit de France would retain ownership of network assets.

-cut-

Today's energy and climate change launch will unveil plans to push for new targets under which the EU's CO2 emissions would be cut by 30 per cent on 1990 levels by 2020 if other developed countries agree to follow suit, and 20 per cent if applied unilaterally.

http://news.independent.co.uk/business/news/article2140...
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