Friday

29th Mar 2024

Ticker

UK gas company sues Slovenia over fracking ban

Under the controversial Energy Charter Treaty, a British gas company, Ascent Resources, officially begun procedures on Tuesday to start an investor dispute against Slovenia, for protecting its groundwater from fracking. The UK firm is expected to demand over €50m from Slovenia in damages, news portal Litigation Finance Journal report. A total of 16 EU countries have banned or introduced a moratorium on fracking.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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