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EU mulls 12 years more state aid for coal: draft

BRUSSELS (Reuters) - The European Union is considering 12 more years of state aid for coal, a draft European Commission document showed, even as the Group of 20 prepared to discuss phasing out fossil fuel subsidies this weekend.

BRUSSELS (Reuters) - The European Union is considering 12 more years of state aid for coal, a draft European Commission document showed, even as the Group of 20 prepared to discuss phasing out fossil fuel subsidies this weekend.

The current EU subsidy regime expires this year, and European Competition Commissioner Joaquin Almunia has said he intends to put forth a new plan in about two weeks.

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