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Bullboard - Stock Discussion Forum Questerre Energy Corp (Canada) QTEYF


Primary Symbol: T.QEC

Questerre Energy Corporation is an energy technology and innovation company. It is engaged in the acquisition, exploration, and development of oil and gas projects, in specific non-conventional projects such as tight oil, oil shale, shale oil and shale gas. It holds assets in Alberta, Saskatchewan, Manitoba and Quebec in Canada, as well as in the Kingdom of Jordan (Jordan). Its oil shale assets... see more

TSX:QEC - Post Discussion

Questerre Energy Corp (Canada) > EU Renewable Energy Push finally collapsed
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Post by nozzpack on Jan 07, 2022 10:56am

EU Renewable Energy Push finally collapsed

EU: Natural Gas and Nuclear are now Green Energy

Guest essay by Eric Worrall

The long predicted collapse of the EU renewable energy push has finally arrived. The EU has effectively just admitted renewable energy does not work, by moving to extend their definition of green energy to include reliable power sources like natural gas and nuclear energy.

Fury as EU moves ahead with plans to label gas and nuclear as ‘green’

Brussels faces backlash and charges of greenwashing after publishing draft proposals on New Year’s Eve

Jennifer Rankin in Brussels
Mon 3 Jan 2022 23.18 AEDT

The European Commission is facing a furious backlash over plans to allow gas and nuclear to be labelled as “green” investments, as Germany’s economy minister led the charge against “greenwashing”.

The EU executive was accused of trying to bury the proposals by releasing long-delayed technical rules on its green investment guidebook to diplomats on New Year’s Eve, hours before a deadline expired.

The draft proposals seen by the Guardian would allow gas and nuclear to be included in the EU “taxonomy of environmentally sustainable economic activities”, subject to certain conditions.

The taxonomy is a classification system intended to direct billions to clean-energy projects to meet the EU goal of net zero emissions by 2050.

Austria’s government repeated its threat to sue the commission if the plans go ahead. Leonore Gewessler, the country’s climate action minister, said neither gas nor nuclear belonged in the taxonomy “because they are harmful to the climate and the environment and destroy the future of our children”.

She added: “We will examine the current draft carefully and have already commissioned a legal opinion on nuclear power in the taxonomy. If these plans are implemented in this way, we will sue.”

She also accused the commission of a “a night and fog operation” in the timing of the publication, a charge echoed by Luxembourg’s energy minister, Claude Turmes, who described the draft as a provocation.

However, opponents are not expected to secure the supermajority needed to block the plans.

Germany’s finance minister, Christian Lindner of the FDP, told the Sddeutsche Zeitung on Sunday that Germany needed gas-fired power plants as a transition technology because it was foregoing coal and nuclear power. “I am grateful that arguments were apparently taken up by the commission,” he said.

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