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OPEC fears Copenhagen tax on oil and gas: report
Algiers (AFP) Nov 8, 2009 Top oil-producing countries fear that the UN climate change conference in Copenhagen next month could levy new taxes on the oil and gas industries, Algerian Energy Minister Chakib Khelil was quoted as saying on Sunday. Khelil told the Algerian APS news agency that the Organization of Petroleum Exporting Countries (OPEC), a 13-member cartel of oil-rich nations, are worried any new taxes agreed in the Danish capital could have "a negative impact on their economies." Khelil said OPEC, of which Algeria is a member, would work together to strike a common position ahead of the December conference "in order to protect their interests." Jose Maria Botelho de Vasconcelos, Angola's oil minister and current OPEC president, vowed last month that the world's major oil producers would resist any move that would punish their industries. "Oil producers must ensure that their interests are properly represented in the post-Kyoto agreement," he told an OPEC summit in Vienna. In Copenhagen, world leaders will try to seal a new accord to fight climate change after the Kyoto Protocol requirements expire in 2012. Share This Article With Planet Earth
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Nord Stream unleashes criticism in Sweden, FinlandStockholm (AFP) Nov 6, 2009 Decisions by Sweden and Finland to allow the Russian-led Nord Stream pipeline to pass through their waters unleashed strong reactions in both countries Friday, with political parties and media contending that Russian pressure overpowered environmental concerns. "The pipeline is not in Sweden's interests, especially considering the project's far-reaching consequences on the environment," Soci ... read more |
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