"The TanQuid Group is being taken over by a leading, experienced, internationally active company in the field of energy infrastructure and fuel distribution,"
"potential impact on European energy supply, especially in light of the publicly known political proximity of the company's management to the current US president"
"It is placing critical energy infrastructure in the hands of a US fossil fuel corporation and disregarding all legitimate security and climate policy concerns,"
"Economic interests are clearly being prioritised over long-term security and democratic values."
Berlin approved the sale of TanQuid, which operates 15 sites in Germany and one in Poland, to US fuel distributor Sunoco after a security review. Sunoco's parent company, Energy Transfer, is led by billionaire CEO Kelcy Warren, a major donor to US President Donald Trump. Greens lawmakers raised questions about the buyer's political proximity and the potential impact on European energy supply and access to storage facilities during geopolitical tensions. Greenpeace criticised the transaction as a serious mistake that places critical energy infrastructure in the hands of a US fossil fuel corporation and prioritises economic interests over long-term security and democratic values.
Read at www.thelocal.de
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