EU FIGHTS CLIMATE CHANGE WITH A NEW GAS PIPELINE

   Why does the EU want to loan €1.5 billion for a new gas pipeline, when they should be topping up the utterly inadequate global investment of US $300 billion / year for the last four years into renewables?

   The EU likely wants the new pipeline because they don’t like the fact that Vladimir Putin currently controls much of the EU’s gas supply. During a dispute with the Ukraine in 2006 over alleged theft of gas, Putin shut off gas supplies to the West, disrupting European gas supplies.

  The EU could potentially source enough of its own gas to end dependency on Russia – but so far European greens have successfully blocked a large scale US style gas fracking revolution.