EU Ecology Will Halve Oil Imports

The European Union will seek to halve its overall fossil fuel imports by 2050 under a new strategy presented in Moscow on Tuesday. The Road Map to a Carbon Neutral Economy by 2050 sets out a strategy for the EU to reduce its greenhouse gas emissions to a mere 20 percent of 1990 levels over the next four decades. The strategy envisages annual investments of 270 billion euros ($400 billion) — about 1.5 […]