E.U. Members Wary Of E.C. Energy Goals

Law360, New York (February 15, 2007, 12:00 AM EST) -- An agreement between European energy ministers on Thursday fell short of the European Commission's recommendations for unbundling utilty ownership in the European Union and becoming a cleaner and more efficient energy user.

The bold plan the E.C. laid out in January, which sought to cut Europe’s greenhouse gas emissions by 20% by 2020, met resistance from smaller member states, according to Tarradellas.

The E.U. states’ agreement was not nearly as aggressive as the goals the E.C. set out in January’s Strategic Energy Review. It will now...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.