Petrolieri, Confindustria and Minister Giorgetti lash out against the EU Commission’s environmental defense strategies

Italian entrepreneurship with a sword against the environmental strategies of the European Union. The Minister of Economic Development Giancarlo Giorgetti very ready to collect the suggestions and acts as a bank. In the energy transition “European policies have so far followed purely ideological logics“But” we cannot think of marginalizing technologies that today ensure coverage of energy needs and our well-being2, said the president of Unem (national union for energy and mobility, the former oil union renamed with a more environmentalist appeal), Claudio Spinaciat the annual meeting observing that “the debate (and, more seriously, the decisions of the European institutions) on ‘Fit for 55‘while proposing shared goals, binds us hands and feet to a single technology, the electric one, when there would be alternatives already available, including biofuels and more generally low carbon fuels (Lcf) “. The one expressed by Spinaci, representative of the oil companies, is Eni’s strategy, convinced that the transition to hydrogen and biogas can be managed without increasing the role of renewables. Fit for 55 is the package of interventions approved by EU Commission in July 2021, and watered down in the parliamentary passage, which aims to reduce emissions of Co2 by 55% by 2030.

In the path of energy transition up to 2050 “I firmly believe that we must not tie the future of transport to electric technology alone. There are already solutions available that can immediately reduce the emission of carbon dioxide through the adoption of biofuels or Low Carbon fuels “, says the Minister of Economic Development. Giancarlo Giorgetti from the stage of the oilmen, adding that he felt “it was necessary to propose to the European Commission a ‘Fit for 55’ package review which first of all envisages the application of the cardinal principle of technological neutrality. In the morning the first jab against Brussels came from the president of Confindustria Carlo Bonomi who said: “The EU has given a stop to internal combustion engines in 2035 and who is making these announcements he never worked one day in the companythey don’t know the implications in real life and in businesses “.

The oil companies then contest the ways in which the taxation on the extra-profits of energy companies is calculated, which are making a series of record budgets thanks to the super prices of gas and oil. At a national level, says president Spinaci, “the recent extraordinary contribution on alleged extra profits” paid by energy companies is “a contribution that we do not contest as such, understanding that the exceptional situation we are experiencing requires extraordinary measures, but to the calculation method adopted which is unfair and distorting for our industry because of the presence of excise duties“. The president adds that “the inequity of the calculation method and the distortion are evident”.

And then di new against Europe and the attempt to disengage from fossil fuels, which are more polluting. “With the Ukrainian crisis has started a new phase which has had a more evident impact on oil, which has reached record levels “of prices” despite expectations for a slowdown in demand linked to the war and the resumption of the pandemic in China. However, there was an important exchange rate effect on the barrel which in euro, for the first time in history, exceeded 100 “, he says Spinach explaining that “the recovery in demand, which returned fairly quickly to pre-pandemic levels, was met with a lacking offer which discounts the ever-decreasing overall investments in exploration and production “and more” concentrated on projects with returns closer in time due to uncertainties about the future. Big banks and financial funds have in fact, investments in traditional sources are progressively included among the risky ones and uncertain in the long term, also due to policies aimed at marginalizing them, as is happening in Europe with taxonomy“. – The energy bill in 2022 “will explode”, reaching a historical record a 90 billion euros, he concluded Spinach.

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