An end to EU green illusions
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance
The European Commission proposed an amendment to the EU Climate Law on 2 July, setting a legally binding target to cut net greenhouse gas emissions by 90% by 2040, compared with 1990 levels. The draft law includes limited flexibility—allowing up to 3% of the target to be met through international carbon credits and permanent carbon removals—acknowledging both technological constraints and economic realities. The proposal is now under review by the European Parliament and Council, with the aim of formalising the EU’s updated nationally determined contribution (NDC) ahead of COP30 in November. However, on 8 July, the far-right Patriots for Europe (PfE) group unexpectedly secured the rapporteur
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Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
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As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
