Energy said to be focus of new European Commission

06/20/2005
Energy will be the main focus of the new European Commission, according to a recent memo from Energy Commissioner Andris Piebalgs.“Energy is one of the key sectors of the European economy, vital to competitiveness, essential to meeting Europe’s Kyoto [Treaty on Climate Change] obligations, and a major factor in terms of security,” Piebalgs said.Piebalgs, from Latvia, considers the next 5 years a “watershed period” for energy policy because he believes oil and gas prices will remain high, Europe must continue to support Kyoto efforts, China and India will continue to grow, and the EU will become increasingly dependent on external energy suppliers.The commissio...
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