• EU spending €1 billion a day on oil imports as leaders backtrack on efficient cars

    [mailchimp_signup][/mailchimp_signup]For the first time in history European Union member states are spending over €1 billion every day on imported oil, four times more than in 2003 and smashing all previous records, according to analysis by Transport and Environment (T&E). But European leaders are failing to make the connection between rocketing

    [mailchimp_signup][/mailchimp_signup]For the first time in history European Union member states are spending over €1 billion every day on imported oil, four times more than in 2003 and smashing all previous records, according to analysis by Transport and Environment (T&E). But European leaders are failing to make the connection between rocketing oil prices and worrying levels of oil dependence on the one hand, and the need to tackle Europe’s gas guzzling car fleet on the other.