29
Apr
2026
Watch
EU strategy in response to the ongoing Middle East crisis, its implications on energy prices and the availability of fertilizers (joint debate)
Madam President, the US and Israeli illegal attacks on Iran have sparked a global energy crisis. Because of these attacks, the six largest oil companies – half of which are American – are raking in profits of nearly USD 3 000 per second, while people can barely afford the fuel. Let me be clear: this is not our war and we shouldn't pay for it. Europe should stand up for peace, stability and justice in the Middle East. We need to shield, at the same time, our societies from leaders like Trump. As long as we are dependent on fossil fuels, our well-being in Europe is in the hands of unreliable autocrats. Europe can only be a stable and credible global power if our own European industry supplies us with our own energy. Going fossil‑free is our path to freedom. This means we have to make clear political choices. And in last week's communication by the Commission, you took a first step. But what are we doing in the meantime? We applaud our best tool to price carbon: emissions trading. But at the same time, the Commission proposes to emit millions of extra allowances to pollute. We say we want to electrify. But at the same time, we weaken the best instrument to electrify our car park: CO2 standards for cars. And we say we want home‑grown energy. But at the same time, we are concluding a trade deal with the US, which promises to import more American gas. This inconsistent behaviour weakens our transition and the citizens pay the price, not the fossil companies. These six companies are making around EUR 94 billion of fossil fuel profits a year – money that could power millions of people with clean and affordable energy. But the Commission refuses to tax the windfall profits of fossil giants. Let's be clear: this energy transition is not a sacrifice; it's an upgrade. And none of this happens spontaneously overnight. These solutions require investments. They require consistent forward‑looking policies. Say, what we had. We called it the Green Deal. Let's make sustainable choices the obvious competitive choice over fossil fuels. The EU should take the lead. It's our political choices that decide whether this future belongs to all or only to a few.