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al cabinet is expected to make a final decision about the future of nuclear energy at a meeting June 6. The main features of its new energy policy, however, are clear after last night's meeting. At 0817 GMT RWE shares traded lower EUR1 or 2.4% at EUR40.25, while E.ON shares fell EUR0.36 or 1.85 to EUR19.66. Both shares underperformed a broadly firmer market. On Sunday night, Environment Minister Norbert Roettgen announced to reporters following a meeting with German Chancellor Angela Merkel that Germany would end the use of nuclear energy by 2022 at the very latest. The country's seven oldest nuclear reactors, which have been shut down since mid-March, will never resume power generation, the government said. An eighth power plant--the 1.4-gigawatt reactor Kruemmel that has been glitch-prone and offline for the best part of three years--will also be shut down permanently. The remaining reactors--except for three that will be kept as reserve capacity for an additional year to ensure that energy demand can be met--will be shut down by 2021. The government also said that it plans to keep the new tax on nuclear fuel rods that was introduced at the beginning of the year. The tax is expected to generate proceeds of around EUR2.3 billion per year and was officially introduced to help plug public budget holes. Many observers, however, have also linked the tax to the extension of reactor operating lives, for which the power plant operators had toom a campaign last year. But Greenpeace has said if it strikes oil this summer it will spark an oil rush that would devastate the fragile Arctic environment. Greenland's government said that Greenpeace's actions were "illegal" and the protesters could be removed by the police if they continued to occupy the rig. "It is a clear illegal action (by) Greenpeace that violates and abuses the free right to sail according to international regulations on the ocean," it said in a statement. Activist Ben Ayliffe, said the protesters set up camp in a survival pod with enough supplies for 10 days and were meters from the huge drill-bit that Cairn hopes will strike oil in the coming weeks. Greenpeace hopes that by disrupting Cairn's tight drilling schedule as it did last year, the onset of colder conditions will stop the campaign later in the year. "We are preventing it from drilling because an oil spill up here would be nearly impossible to deal with due to the freezing conditions and remote location," he said Sunday. Protests by Greenpeace disrupted Cairn's last Greenland drilling campaign in 2010. Although the company found traces of oil and gas it said were encouraging, it was able to drill

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