Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-070-000"
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"en.20110929.4.4-070-000"2
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"Madam President, ladies and gentlemen, I have denounced the risk, both in the Commission and in Parliament, of Emissions Trading System (ETS) allowances being turned into instruments of financial speculation forcing many companies to relocate to third countries because they can no longer compete in Europe.
Passing on the cost of CO
emissions in electricity prices will affect the industrial system in various ways, and will penalise more energy-intensive industries such as steel and aluminium manufacturing. Does the Commission believe that compensation should reflect the actual price increase sustained by companies in various Member States and that it should be guaranteed until the risk of relocation has passed?
Furthermore, should financial compensation not be guaranteed for energy that is consumed and not just for energy that is bought in from abroad? The bureaucratic procedures enabling companies to take advantage of State aid encourage unfair competition on the part of companies located outside the EU. Does the Commission have any plans to simplify these overly burdensome procedures?"@en1
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"2"1
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