Russia

Energy crisis: Ursula von der Leyen opens the door for an EU cap on gas prices but with caveats

Ursula von der Leyen has opened the door for a targeted and temporary EU-wide cap to rein in soaring gas prices and curb market speculation. But her message comes with caveats about the potentials risks the cap entails. “While gas prices have come down in the past weeks, they remain very high and are putting …

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EU agrees oil price cap in new Russia sanctions plan – POLITICAL

Press play to listen to this article EU ambassadors reached an outline agreement on new sanctions to hit Vladimir Putin’s war with Ukraine, including a price cap on Russian oil sales, according to seven European diplomats. The package, which is the 8th round against Moscow, was proposed by European Commission President Ursula von der Leyen …

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Energy crisis: Europeans ‘must lower thermostats to prepare for Russia turning off gas supplies’

Heating turned down and boilers adjusted – these are the measures Europeans need to take to prepare for Russian gas supplies being completely cut, according to a report. The EU faces “unprecedented risks” of gas shortages this winter after Russia axed most pipeline shipments amid its war in Ukraine, the International Energy Agency said. The …

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Putin’s mobilization will further upend the Russian economy – POLITICAL

Elisabeth Braw is a resident fellow at the American Enterprise Institute, where she focuses on defense against emerging national security challenges. Russian President Vladimir Putin may well succeed in mobilizing the 300,000 reservists he says he needs for the war in Ukraine – but since his announcementsome 360,000 men have already traveled to Georgia and …

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Europe agrees to oil and gas windfall tax amid ‘insane race’ to tame energy crisis

London CNN Business – EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some electricity generators as the cost of Europe’s energy crisis spirals higher. But energy ministers from the 27 EU member states failed to reach an agreement on a proposal by the …

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EU backs one emergency energy plan. Now for the next one – POLITICAL

Press play to listen to this article The energy emergency gripping Europe will be a long haul – and next winter could be even worse. Ministers meeting in Brussels on Friday secured a deal on the bloc’s latest package of relief measures. It’s one they hope will help to protect households and businesses from cripplingly …

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8 things to know about the environmental impact of ‘unprecedented’ Nord Stream leaks – POLITICAL

Press play to listen to this article The apparent sabotage of both Nord Stream gas pipelines may be one of the worst industrial methane accidents in history, scientists said Wednesday, but it’s not a major climate disaster. Methane – a greenhouse gas up to 80 times more powerful than carbon dioxide – is escaping into …

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For Western energy giants, escaping Russia has become the longest goodbye

Shell has had ties to Russia since 1912 after buying the Rothschild family’s interests there. More recently, its partnership with Russia’s state gas giant Gazprom has helped it access vast gas reserves in Russia’s far east. It, too, hung on even after having to cede control of the $ 22bn [£19bn] Sakhalin-2 gas facility to …

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Indonesia’s electric vehicle batteries dream has a dirty nickel problem

Indonesia — the world’s largest nickel miner — is making moves to become a key player in the electric vehicle supply chain. Most of Indonesia’s nickel output is currently Class 2 nickel, a low-purity type used for stainless steel. The country’s government and the mining sector are determined to transform its nickel industry to meet …

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Britain blames Brussels for driving up UK energy bills in explosive new Brexit row – POLITICAL

Press play to listen to this article LONDON – Britain has accused the EU of driving up UK energy bills by hundreds of millions of pounds per year by blocking cross-Channel energy cooperation following Brexit. Under the Brexit trade and cooperation agreement signed in December 2020, the European Commission and the UK agreed to put …

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