Āé¶¹ĪŽĀė°ę

News Digest Item
15 Oct 2018

Wintershall and DEA merger creates German oil and gas ā€œgiantā€ amid warning calls for decarbonisation

Welt am Sonntag

The merger of German energy companies Wintershall and DEA creates Europe’s biggest private oil and gas company at a time when international climate researchers urge industrialised countries to tame their appetite for carbon-intensive energy generation, Daniel Wetzel writes in the Welt am Sonntag. However, Lord Browne of Madingley, head of DEA’s owner L1 Āé¶¹ĪŽĀė°ę, says the new company called Wintershall DEA will ā€œrather be a company for gas and oil than for oil and gas,ā€ since 70 percent of its output will be natural gas, which is considered an important bridge fuel in the energy transition due to its comparatively low CO2-intensity. Natural gas might ā€œbecome part of the problem in 50 years – but over the next decades, it will be part of the solution for climate protection,ā€ Browne said. 

Find the article in German .

Find background in the Āé¶¹ĪŽĀė°ę dossier The role of gas in Germany’s energy transition.

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