European NGOs call on Ursula von der Leyen to tax excess oil profits to support vulnerable households, industry and the clean energy transition. A group of 31 European NGOs, including Oxfam, WWF, CAN Europe and T&E, have called on the EU to tax excess oil profits to support Europeans in … [continued]
ACEA document told Environment Ministers to slash car CO2 targets, depriving motorists of more affordable EV models. The European car industry’s latest demands for weaker climate targets could result in an extra €74bn of oil imports — just as interest in buying EVs reaches new peaks. That’s according to T&E … [continued]
In a short note, T&E presents its position on the revision of the EU car labelling rules. Having access to accurate information about a car’s CO2 emissions and its fuel and energy consumption can help consumers make more sustainable and affordable choices. Unfortunately, current rules on car labelling fail to do … [continued]
Investigation by SourceMaterial and Politico, supported by data from T&E, into Eni’s publicly-backed Kenyan biofuels project, shows that it is struggling to deliver on its promise to produce non-edible food crops on poor quality land. An investigation carried out by SourceMaterial and Politico, with support from T&E data, shows that an Italian government … [continued]
T&E calls for a temporary tax on oil companies’ super-profits. Oil majors are set to make a €24 billion¹ windfall from European drivers off the back of the latest conflict in the Middle East, a new T&E tracker shows². Oil companies have already made €1.3 billion in excess profits, the … [continued]
Green measures would reduce the shipping industry’s exposure to fuel price shocks in future, says T&E. €4.6 billion in additional fuel costs since the start of the conflict The cost gap between fossil fuels and e-fuels has narrowed. Efficiency measures, like wind propulsion, slow steaming or electrification, will further protect … [continued]
The current crisis is costing shipping millions per day, highlighting why we must accelerate the sector’s decarbonisation. The Hormuz Strait crisis is costing the shipping industry €340 million a day, demonstrating the industry’s vulnerability to oil and gas price volatility. Green measures would reduce the shipping industry’s exposure to fuel … [continued]
T&E’s response to the European Commission consultation. T&E welcomes the revision of Governance of the Energy Union and Climate Action (Governance Regulation) as a key opportunity for shaping the EU’s post-2030 climate and energy architecture. The 2018 Regulation has played an important role in coordinating Member State planning and monitoring progress … [continued]
Today’s challenges demand a new European investment plan. Dear President von der Leyen, Dear President Costa, Europe faces a historic moment. The scale of the economic, geopolitical, climate and technological challenges before us cannot be met with incremental adjustments or national solutions alone. They require European-level fiscal and financial capacity … [continued]
As EU Environment Ministers meet to discuss electric vehicle targets, new research shows EVs are the best way to protect drivers from oil shocks. The EU spent €67 bn on oil imports for cars last year Accelerating the roll-out of EVs would cut oil imports by €45bn over the next … [continued]
