💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Court rejects bid to stop Tesla felling trees for German plant

Published 12/10/2020, 06:52 AM
Updated 12/10/2020, 12:50 PM
© Reuters. A view of the Tesla Gigafactory construction site in Gruenheide near Berlin
TSLA
-

FRANKFURT (Reuters) -A German court called a halt to tree felling at the site of Tesla (NASDAQ:TSLA)'s proposed manufacturing site near Berlin, reversing a lower court ruling in a tortuous legal battle over the construction of its Gigafactory.

Earlier this week, environmentalists went to court in the eastern city of Frankfurt an der Oder in an attempt to stop Tesla clearing a forest, arguing that cutting down more trees could endanger hibernating snakes. [L8N2IO1OV]

A higher regional administrative court found in favour of the plaintiffs, who had appealed an earlier rejecting the environmentalists' arguments on the grounds that Tesla had taken sufficient measures to protect the reptiles.

The temporary halt should allow the court to review the case on its merits before the tree felling is completed, the Brandenburg Higher Administrative Court said in a statement.

Tesla's permission to start construction depends on a conditional approval by local authorities, who are obliged to consult environmental groups and the community.

© Reuters. A view of the Tesla Gigafactory construction site in Gruenheide near Berlin

A lower regional court in Frankfurt an der Oder earlier reviewed a complaint by environmental group NABU, which argued that snakes and sand lizards could be put at risk by Tesla's plans.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.