EU Willing To Pay Up For Russian Diesel Ahead Of Ban
The EU may have a plan to ban all Russian diesel purchases in February, but in the meantime, European buyers are happy to pay more for Russian diesel now than Continue Reading
Europe burns cash to help businesses in deepening energy crisis
Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights on and Continue Reading
EU’s ‘Fake’ Green Label for Gas and Nuclear Are Under Legal Attack
Greenpeace and a raft of other environment groups issued the European Union with an ultimatum over its decision to grant some gas and nuclear power stations a “fake” green label Continue Reading
Vladimir Putin’s Energy War With Europe Seems to Falter
Vladimir Putin ’s economic campaign to force European governments to abandon support for Ukraine by sharply curbing their natural-gas supplies looks to be faltering as gas prices fall, Russian government Continue Reading
EU Parliament backs higher targets on renewables and energy savings
European Union lawmakers voted on Wednesday to raise the bloc’s targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to Continue Reading
EU seeks $140 billion to insulate consumers from energy crisis
The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession Continue Reading
US shale bosses tell Europe: ‘There’s no bailout coming’
The US shale industry has warned it cannot rescue Europe with increased oil and gas supplies this winter amid fears that a plunge in Russian exports will send crude prices Continue Reading
EU proposes $25 billion windfall tax on fossil fuel producers to help offset energy crisis
One-off tax to target ‘surplus’ oil, gas, coal profits in 2022 Minimum excess tax rate of 33% proposed EU oil industry flags concern over tax calculation The European Commission proposed Continue Reading
EU lays out energy crisis plan, says solidarity with Ukraine unshakeable
The European Commission on Wednesday unveiled a series of proposals to curb the energy price spike that has rocked Europe in the wake of Russia’s invasion of Ukraine, while stressing Continue Reading
EU to propose crisis measures to tackle energy price spike
The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices, European Commission Continue Reading