It was also good news for energy firm Eni which potentially

Italy drilling referendum fails to draw quorum

Canada Goose Coats On Sale ROME (Reuters) A referendum aimed at curbing Italy offshore oil and gas industry was sunk on Sunday when it failed to secure canada goose jacket outlet store the necessary quorum, with a sizeable majority of voters shunning the canada goose victoria parka outlet ballot, initial data showed. Canada Goose Coats On Sale

cheap Canada Goose Italy’s Prime Minister Matteo Renzi adjusts his tie during a news conference with foreign media in Rome, Italy, in this February 22, 2016 file photo. REUTERS/Alessandro Bianchi/Files cheap Canada Goose

canadian goose jacket The result was a relief for Prime Minister Matteo Renzi, who had called on people to abstain, saying the vote was unnecessary and would have hurt the economy. It was also good news for energy firm Eni which potentially had the most to lose. canadian goose jacket

canada goose black friday sale Turnout was estimated at just over 30 percent according canada goose outlet store near me to preliminary data supplied by the Interior Ministry, well under the 50 percent plus one vote needed to make canada goose outlet houston the ballot valid. canada goose black friday sale

The referendum had canada goose outlet shop asked Italians whether the government should stop renewing offshore drilling licenses within 12 miles (20 km) of the coast.

cheap canada goose uk New drilling concessions are no longer being handed out, but Renzi said existing sites should have the https://www.getcanadagooseoutlet.ca option to remain operational until they canada goose outlet store montreal are fully depleted, warning that 11,000 jobs canada goose Canada Goose Outlet outlet reviews would have been put at risk had the canada goose outlet store new york referendum passed. cheap canada goose uk

The ballot was proposed by nine regional assemblies, most of canada goose premium outlet them run by Renzi own centre left Democratic Party, which object to drilling platforms because of worries about the environment, as well as the impact on tourism.

canada goose has spoken. The result is clear, above our expectations, Renzi said in a combative televised address in which he criticised those who had pushed for the ballot, canada goose outlet parka saying canada goose kensington parka uk it had cost more than 300 million euros ($340 million) to stage. canada goose

Canada Goose sale Italy imports around 90 percent of its energy needs and successive governments have looked to boost domestic canada goose outlet online store review production to reduce dependence on foreign suppliers such as Russia Gazprom. Canada Goose sale

There are 69 exploration concessions in Italian waters, most of them gas, the canada goose outlet washington dc industry ministry says. Of these, 44 fall within the 12 mile range, most of them run by Italy Eni.

Canada Goose online If the referendum had succeeded, these 44 fields would have been shut when their concessions canada goose shop uk expired, even if canada goose outlet edmonton they were still operational. Canada Goose online

canada goose uk shop Environmental watchdog Legambiente and canada goose outlet ontario other green groups say domestic oil and gas production is minimal and that a continued focus on fossil fuels takes Italy further away from its renewable energy and carbon targets. canada goose uk shop

canada goose store Gas production from offshore fields inside the 12 mile area currently accounts for around 3 percent of Italian consumption while oil output in the area makes up just 1 percent. canada goose store

Canada Goose Online While the short term impact of a vote would have been minimal it would have had long term implications, canada goose outlet toronto because by 2027 the offshore fields could canada goose outlet factory account for more than 20 percent of Italy oil and gas production, said Alessandro Pozzi, an analyst at Mediobanca. Canada Goose Online

Canada Goose Parka The referendum came at an awkward time for Renzi. An influence peddling case centred on the country main landlocked oil producing area triggered the resignation of the industry minister two weeks ago. Canada Goose Parka

Canada Goose Jackets Opponents sought to use the scandal to bring voters out to test the government ahead of June local elections, in which Renzi party risks losing control of several cities. Canada Goose Jackets

canada goose coats While the prime minister played down Sunday referendum, canada goose outlet paypal he has said he will canada goose outlet website legit resign if he loses another referendum slated for October on constitutional reform. canada goose coats

canada goose uk outlet Additional reporting by Steve Jewkes and Francesca Landini in Milan; Editing by Andrew Bolton and Jonathan Oatis canada goose uk outlet.