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THE REALITY BEHIND EU “ENERGY SECURITY”, THE CASE OF NI...

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The reality behind EU “energy security”, the case of Nigeria

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The reality behind EU “energy security”, the case of Nigeria



Publisher: CEE Bankwatch Network

Date: November, 2009

Volume: 56 pages, pdf

Description

Eighty per cent of the oil and and sixty per cent of the gas burned within the European Union (EU) is imported from countries outside of the EU. Indeed, as a bloc, the EU is the world’s largest energy importer. Even taking account of energy conservation and efficiency measures, the European Commission estimates that EU member states will continue to rely for the bulk of their energy on imports of fossil fuels for many decades to come if current consumer lifestyles and corporate expansion are to be maintained – this despite the clear imperative to keep fossil fuels in the ground if catostrophic climate change is to be avoided.