Activities of John PURVIS related to 2008/2212(INI)
Plenary speeches (1)
Explanations of vote
Amendments (8)
Amendment 7 #
The Committee on Economic and Monetary Affairs calls on the Committee on Economic and Monetary AffairsIndustry, Research and Energy, as the committee responsible, to incorporate the following suggestions in its motion for a resolution:
Amendment 9 #
Draft opinion
Paragraph 1
Paragraph 1
1. Takes the view that higher oil prices broadly reflect a structural imthe balance between supply and demand caused, in by the main, by two factors: progressivlevel of discovery and the depletion of the oil reserves and a, changes in demographic and urbanisation trends, especially in emerging countries, where the rise in average income is causing an increase in demand, and global economic cycles;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Expresses its concerns about the volatility of oil and commodity prices and its impact on inflation, purchasing power and financial stability; stresses that soaring oil prices have been exacerbated by large trading activities on thateconomic and financial stability; while recognising the benefits of active market,s including hedge funds, which have increase oil and othe risk of speculative bubbles being formed;r energy products, urges the Commission and the Member States to ensure greaterthe highest practicable level of transparency on thein energy markets;
Amendment 15 #
Draft opinion
Paragraph 3
Paragraph 3
Amendment 22 #
Draft opinion
Paragraph 4
Paragraph 4
Amendment 26 #
Draft opinion
Paragraph 5
Paragraph 5
5. Underlines that green taxation or an effective cap on emissions trading system and the adoption of a wide range of other energy and transport-relatedsaving measures arshould be important tools for stimulating the development of a wide-ranging, cutting-edge market for energy- efficient technologies and products; also underlines the importance of the application of the ‘polluter-pays’ principle; recalls that the greater the number of countries that put similar policies in place, the more limited the impact on sectoral competitiveness of those policies, in particular where ecotaxes substitute taxes on activity;
Amendment 28 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Urges a more dynamic relationship between the European Union and the oil producing countries involving a willingness to give as well as take on both sides and aiming towards a more stable and smoothed supply and pricing environment for oil, which would be in the interests of all parties concerned and the world economy at large;
Amendment 29 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Expects the petroleum companies to reinvest their substantial recent profits in exploration and development of new oil reserves and in promoting energy saving technology and research into oil substitutes (notably for transport applications).