EU Announces Natural Gas will be Eligible for Renewable Energy Subsidies

It is fairly common knowledge that the oil and gas industry holds massive power in world politics, and a recent revelation has illustrated this power quite obviously.

Members of the European Union approved an energy policy called Horizon 2020 which pledged €80 billion to the research and innovation of renewable energy between 2014 and 2020, and is due to start taking effect at the beginning of July this year.

At this point enters a brilliant display of the power that fossil fuel lobbies have over governments. After more than 18 months of intense lobbying by the European gas industry, the EU has acknowledged natural gas as a green alternative to coal and nuclear, and therefore worthy of the €80 billion of funds earmarked specifically for development of innovative renewable energy sources.

OilPrice

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2 responses to “EU Announces Natural Gas will be Eligible for Renewable Energy Subsidies

  1. Eric Baumholer

    I’d like to see the chemistry behind the claim that natgas is renewable.

  2. Robert of Texas

    Eat some beans and wait for 1 hour… Natural gas. :-)

    I don’t think I would call it renewable if its pumped out of the ground. In theory given enough time the earth will create more..say in millions of year.

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