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German Greens Demand To Close The New Fund In Support Of Nord Stream 2

German Greens Demand To Close The New Fund In Support Of Nord Stream 2

The chairman of the German Green Party, Annalena Berbock, demanded the immediate closure of the recently created environmental fund, one of the goals of which should be to support the Nord Stream 2 project. Earlier, German media reported that the participants of Nord Stream 2 hope to avoid US sanctions with the help of this organization.

"The fact that Russian money will be used to finance a fund dedicated exclusively to the completion of the pipeline under the guise of fighting climate change is simply outrageous. Not only in terms of fighting for the climate but also in geostrategic terms," Ms. Berbock told the Frankfurter Allgemeine Zeitung.

Recall that on January 8, the Parliament (Landtag) of the German federal state of Mecklenburg—Vorpommern supported by a majority of votes the initiative of the regional government to create an environmental fund "Climate and Environment Protection MV." One of the goals of the fund will be "contribution to the continuation of the construction of the Nord Stream 2 gas pipeline."

According to the Bild newspaper, the fund will create a commercial enterprise to complete the construction of the gas pipeline. At the same time, German companies will not violate the US sanctions regime, as they will begin to interact on the completion of construction not directly but through the fund. The government of the land on the territory of which the final point of the gas pipeline is located will contribute €200 thousand to the authorized capital of the fund, so the consent of the regional parliament was required to create the fund. According to Spiegel magazine, the operator of the construction project Nord Stream AG has promised to invest about €60 million in the fund.

The news of the foundation's creation caused a wave of criticism in Germany, primarily from supporters of the Green Party, who consider Nord Stream 2 to be an environmentally harmful project. Former Greenpeace editor Kurt Stuckenberg wrote in a column for Spiegel that the emergence of such a fund is "bad news for the climate and good for Gazprom."

It is not yet clear whether the opponents of the project will be able to prevent the emergence of the fund.

Meanwhile, Reuters reported on Wednesday, citing sources: the US State Department in January told European companies that, in its opinion, help build the Nord Stream-2 that they face sanctions as the outgoing administration of Donald Trump prepares the final round of sanctions measures against the project. The Russian Foreign Ministry expressed confidence that the pipeline will be completed.

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