Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-03-14-Speech-3-079"
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"en.20070314.4.3-079"2
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"Mr President, it is a good thing for Europe that the Council has adopted the energy action plan for 2007-2009. In so doing, it has taken the first step towards establishing a common European energy policy – albeit in a watered-down form.
Although the summit recognised that Europe has a long way to go if it is to achieve a competitive and unified internal market for energy, it failed to support the complete unbundling of energy company ownership, which is a vital factor in achieving this.
Completely unrestricted integration in the sector will lead to the emergence of huge energy conglomerates, which will wield enormous economic and political influence in all countries. This will enable them effectively to influence political affairs at both national and – as we have recently become aware – international level. The energy sector is also less competitive and therefore less efficient than it ought to be.
The risk to security is a similarly dangerous consequence of this situation. If Russian state-controlled ownership were to make inroads into these large and powerful firms it would be an economic and above all a political disaster, especially for the new Member States from Central and Eastern Europe
The unbundling of energy company ownership and the adoption of transparent Europe-wide market rules for all, along with a common approach among European countries to external energy policy, would improve the functioning of the energy market, improve the transparency of internal policy in the individual EU Member States and significantly reduce foreign policy and security risks not only for the individual Member States but also for the Union as a whole."@en1
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