Search Results for: European Parliament

BY ALAN OSBORN
EUROPEAN Commission officials believe that rapidly growing oil and gas shipments from Russia to the EU could in time pave the way for the adoption of the Euro as a petro-currency. Gerassimo Thomas, spokesman for the Commissioner in charge of the euro, Pedro Solbes, said that the Commission had considered pushing for the euro to be used globally to denominate the price of oil but “we can’t tell the market how to behave.”…

BY KEITH NUTHALL
THE EUROPEAN Commission has fined eight companies Euro 855.22 million for participating in cartels inflating prices of vitamins they produced between 1989 and 1999. Companies involved included Switzerland’s Hoffman-La Roche, BASF, of (Germany), AG Aventis SA, (France), Solvay Pharmaceuticals BV, (Netherlands), Merck KgaA, (Germany), Daiichi Pharmaceutical Co Ltd, (Japan), Eisai Co Ltd, (Japan), and Takeda Chemical Industries Ltd, (Japan).…

BY KEITH NUTHALL
THE EUROPEAN Commission has proposed a one-year extension to the EU’s production aid scheme for certain nuts and locust beans, which was due to be phased out in January. Brussels wants EU ministers to continue funding until June 2002, along with a specific flat-rate aid scheme for hazelnuts production.…

Keith Nuthall
THE US government is likely to be upset by the decision of the European Union Council of Ministers (finance) to approve its proposed new VAT regime for digital products downloaded from the Internet; this system allows EU exporters to sell their goods without charging sales tax, but penalises importers, notably American companies.…

KEITH NUTHALL
THE EUROPEAN Union Council of Ministers has formally approved new EU-wide rules limiting the emissions of light vans, (of weight categories 1,305-1,760kg and more than 1,760kg), during cold starts. There are currently no European limits on this kind of pollution from these commercial vehicles.…

BY KEITH NUTHALL
THE EUROPEAN Commission has acted upon its public warning that it was considering an extension of the Seveso II industrial safety directive, as result of the fireworks explosion in Enschede, the Netherlands, and the cyanide spill at the Baia Mare mine in Romania.…

BY KEITH NUTHALL
THE EUROPEAN Commission has launched legal action against Austria, Greece, Finland, Spain, Denmark, Belgium, Italy, Ireland, Luxembourg, Portugal and Sweden for failing to comply with a commitment under EU law to monitor average emissions of CO2 from new passenger cars.…

BY KEITH NUTHALL
INCREASING political pressure is being applied on eastern European governments to undertake root-and-branch reforms to promote energy effieciency and environmental performance within their utilities and industries, including the raising of gas and oil prices.

The United Nations Economic Commission for Europe recently addressed the issue, with its Committee on Sustainable Energy and the Committee on Environmental Policy agreeing to produce guidelines on price reforms for the region.…

BY KEITH NUTHALL
THE JOINT European Torus (JET), the world’s largest nuclear fusion machine, is to restart operations after eight months of improvements by the UK Atomic Energy Authority (UKAEA) to upgrade its power as a research tool. It is the only machine capable of using the fuel mixture which will power a commercial fusion station.…

BY KEITH NUTHALL
THE EUROPEAN Commission has ruled that tax breaks granted to German nuclear power operators, to help them build up reserves for the eventual decommissioning of their plants and the safe disposal of nuclear waste, do not actually constitute the payment of unfair and illegal state aid.…