Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-10-25-Speech-2-217"
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"en.20051025.21.2-217"2
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".
The question is quite clear: what can be done to stimulate and increase investment in alternative sources of energy or for other purposes?
In this respect, it is worth mentioning that some have voiced their perplexity at not seeing the authorities take measures to capture part of the oil companies’ windfall profits resulting from the latest oil price increases. Oil companies should behave in a responsible manner and ensure that a significant share of their profits are reinvested in increasing the capacity of the sector to cope with the growing demand, thereby laying the foundations for more reasonable prices in the future – and, by the way, creating business for themselves. That is, investing both in the production of crude oil and in the refining business.
Indeed, oil and energy companies should be strongly encouraged to develop new energy sources with a view to dealing with the future scarcity of oil. The Commission has continued to make efforts through its contacts with the industry to increase the awareness of oil companies of the appropriateness of reinvesting part of their profits in activities that allow for more sustainable economic growth, such as the development of alternative energies and energy efficiency."@en1
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