POP 2010
First International Energy Agency (IEA) Review of the EU's Energy Policy now published
President of the Commission, José Manuel Barroso and Energy Commissioner Andris Piebalgs today received the Executive Director of the International Energy Agency, Nobuo Tanaka who presented the main findings of IEA Review of the EU's Energy Policy. This is the first time that the IEA has made an in-depth analysis of European Energy Policy. The Review strongly endorses the broad outlines of the Commission's energy proposals tabled during the last year.
President of the Commission, José Manuel Barroso said, "I am delighted that the IEA has endorsed so positively the Commission's climate change and energy proposals set out in 2007".
"The review of EU energy policy is a highly visible and politically important exercise that is very useful for the Commission. It shows clearly that the EU is now recognised as a single entity in energy matters", said Commissioner Piebalgs.
The Review endorses the broad outline of the Commission's ambitious energy proposals tabled during the last year. It specifically praises the coherent EU energy and climate change approach and the Commission's market liberalisation package for electricity and gas. The Review encourages the Commission to pursue ownership unbundling of networks from supply and generation. It also makes important recommendations concerning the need to increase research funding and establish a more coherent external energy policy with a stronger role for the EU institutions.
The review comes at a critical time with the energy proposals currently under discussion between the European Commission, the EU Member States in the Council and the European Parliament.
The Commission will take into account the findings of the IEA review in its future work to further improve its energy policy. The Review should also become an important reference for those interested in European energy issues.
The IEA, based in Paris, is the world’s most important intergovernmental body dealing with the energy market, policy analysis and energy crisis management. The IEA’s activities include in-depth country studies of the energy policies of its member countries, as well as key non-member countries.
For further information - IEA
Source: IP/08/1293, 4.9.2008
The coal reserves are estimated to last for at least 200 to 300 years, while in the case of oil it is mere 40 to 50 years, and in the case of uranium it is roughly a century. more »
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NWR Open Mine Magazine No. 4/2011
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Announcement of suspected fraud
OKD, a.s., has been currently exposed to fraudulent activity by unknown individuals in Germany.
Full version of the document in English and German is here.
BUSINESS INTEGRITY POLICY
This policy was adopted by the Board of Directors of New World Resources Plc on 15 November 2011 and shall have immediate effect.
Full version of the document is here.
NWR Open Mine Magazine No. 3/2011
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NWR Open Mine Magazine No. 2/2011
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NWR Open Mine Magazine No. 1/2011
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Company code of ethics
The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.
The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.
