Monday, June 27 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Board of German foundation linked to Russia gas pipeline to step down


    May 17, 2022 - dpa

     

      Schwerin, Germany — The board of a controversial foundation linked to the now-defunct Nord Stream 2 natural gas pipeline will resign in the wake of the uproar in Germany surrounding Russia's invasion of Ukraine.

      The Klimastiftung MV (Climate Foundation Mecklenburg-Vorpommern) had been criticized since its establishment in January 2021 for supporting climate change projects while at the same time supporting schemes linked to the construction of the German-Russian pipeline.

      It was financed by the firm behind Nord Stream 2 to the tune of millions of euros.

      Mecklenburg-Vorpommern state premier Manuela Schwesig announced an agreement with the board of directors of the foundation on Tuesday, according to which the board will be expected to leave their posts at the end of September.

      The foundation's business operations are to be wound up by that time.

      The step is intended to enable the dissolution of the foundation as requested by the state parliament.

      A former premier of the state of Mecklenburg-Vorpommern, Erwin Sellering, is chairman of the board of directors. He has argued that there was no legal way for the board to dissolve the foundation themselves, leading to the process agreed on Tuesday.

      The foundation's climate projects are to be taken over by Mecklenburg-Vorpommern state authorities, which will provide €5 million ($5.3 million) in funds.

      ©2022 dpa GmbH. Distributed by Tribune Content Agency, LLC.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.