- FINANCE, STRATEGY AND REPORTING
CEOs of eight European energy companies (Fulvio CONTI, Gertjan LANKHORST, Gérard MESTRALLET, Ignacio GALAN, Paolo SCARONI, Peter TERIUM, Johannes TEYSSEN, Rafael VILLASECA MARCO¹) have drawn to the attention of EU leaders the urgent need to tackle the perilous situation facing the European energy sector.
Meeting in Brussels, the day before the European Council focused on energy and tax fraud on 22 May 2013, these eight energy companies agreed on a joint statement to underline the seriousness of the current challenges facing the sector and to propose appropriate policy actions. Indeed the current lack of visibility on energy policies and regulatory uncertainty will inevitably lead to an absence of energy investments with negative effects on security of supply, employment and reactivation of the European economy. The status quo is simply not an option.
The signatories remain committed to the EU’s ambition for an energy policy based on the principles of competitiveness, security of supply and sustainable development, and they also fully adhere to the need for liberalization of energy markets. We see each of these elements as preconditions for competitive energy for industrial customers and citizens. However, the reality that each of the respective energy companies has experienced, over recent years, is that EU and some national energy policies have not delivered the full expected benefits. In concrete terms, European energy companies are the subject of a perfect storm which is endangering security of supply and the transformation towards a low-carbon economy, as well as undermining their capacity to attract capital.
It is, however, not too late for a revitalized EU approach to ensure competitive energy prices and a secure supply of energy for European citizens. Concurrently, this action would serve to restore the confidence of energy companies in the attractiveness of a European energy market. It is absolutely crucial that this revamped EU approach continues to support the fight against climate change, in addition to encompassing the following fresh elements:
The CEOs of the eight energy companies very much look forward to EU political leaders taking stock of the critical situation the energy sector is facing. They must also define a new policy direction based on the elements included in the joint statement which are centred on the contribution that investments in the energy sector make, not only in providing a secure and efficient product, but also through creating jobs and reactivating the economy in an efficient way.
¹Representing the following energy companies: ENEL, GASTERRA, GDF SUEZ, IBERDROLA, ENI, RWE, E.ON, GASNATURAL FENOSA.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
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