INTERBLUE Group Europe, which claims to be the legal successor of the US-based Interblue Group that bought a large tranche of Slovakia’s carbon dioxide emission quotas during the term of the past government, has refused to terminate its right to buy remaining emissions quotas that were specified in the initial sale, according to Martin Ružinský, the State Secretary at Slovakia’s Agriculture and Environment Ministry, the TASR newswire reported.
“In a letter sent to the ministry, the company expressed disagreement with termination of the contract concluded between Slovakia and the original Interblue,” said Ružinský.
Slovakia’s Environment Ministry, then headed by Jozef Medveď (Smer), said earlier this year that it was “opting out” of the contract. Concern about how the contract was originally negotiated and managed by environment ministers nominated by the Slovak National Party (SNS) prompted past prime minister Fico to remove the ministry from SNS control.
23. Aug 2010 at 0:00 | Compiled by Spectator staff