Business Standard

Greece inks undersea gas deals despite environmental warning


AP Athens
Financially-struggling Greece has signed contracts for offshore gas exploration in large tracts of the Mediterranean, despite warnings from leading environmental groups that the project threatens key marine life habitats.
The deal will allow global energy giants Total and ExxonMobil, together with Greece's Hellenic Petroleum, to explore two areas covering 40,000 square kilometres south and southwest of the island of Crete.
Greenpeace and the World Wide Fund for Nature have appealed to Greece's supreme court to block the project.
They say prospecting in deep waters off Crete will threaten endangered whales, dolphins and other marine life, and argue that Greece would do better to invest in renewable energy sources.
Left-wing Prime Minister Alexis Tsipras hailed Thursday's signing as a boon to Greece's economy and promised strict environmental safeguards.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2019 | 12:45 AM IST

Explore News