Remove 2015 Remove Climate Remove Legal Remove Oil Prices
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Arctic oil on life support

Green Car Congress

With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. However, the first month of 2015 has darkened Arctic dreams even further. There will be no drilling in 2015. Source: [link].

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Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

Green Car Congress

That is why he would like to see “ in Europe in particular, a climate where new technologies are not eyed with suspicion right from the outset ”, but rather a climate “ where innovations are truly welcome. ” Oil will not be as cheap as it is at the moment for ever. The CO 2 limits apply irrespective of fuel prices.

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