Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-04-28-Speech-2-040-000"
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"en.20150428.4.2-040-000"2
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"Mr President, my party holds no particular brief for biofuels, but we are particularly concerned about the damaging regulatory uncertainty which this Parliament has created.
First, we mandated 10% biofuels and we allow industry to make major investments on that basis. One major European company has invested EUR 0.5 billion in a palm oil refinery. Now, we propose to cut the biofuel percentage to 5 or 6 or 7%. We are doing huge damage to investors. We are cutting them off at the knees. This is no way to run an economy.
More generally, we see a world awash with cheap oil and gas and that is a situation which is likely to continue for some time. CO2 emissions will increase for decades, regardless of what we in this House do. I have a word of advice for colleagues: it is time they got used to the idea."@en1
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