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Mon, December 9, 2024
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Siding with controversial company, government scraps policy restricting Eilat oil imports

Siding with controversial company, government scraps policy restricting Eilat oil imports


Published on 2024-12-09 17:41:10 - MSN
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  • Broad coalition vows to continue fight to protect environment and Eilat corals from oil spills, notes exposure of oil infrastructure to enemy attack during ongoing war The post Siding with controversial company,

The Israeli government has decided to overturn a policy that previously restricted oil imports through the port of Eilat, aligning with the interests of Trafigura, a controversial commodities trading company. This decision was influenced by the need to diversify energy sources amidst regional instability, particularly following attacks by Yemen's Houthi rebels on shipping in the Red Sea. The policy change allows for the importation of oil through Eilat, which had been limited due to environmental concerns and competition with the port of Ashkelon. Critics argue that this move favors Trafigura, which has faced scrutiny for its environmental practices and its role in global oil trading. The government's decision aims to ensure energy security but has sparked debate over environmental impacts and the prioritization of corporate interests over public and ecological welfare.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/siding-with-controversial-company-government-scraps-policy-restricting-eilat-oil-imports/ar-AA1vynUu ]
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