The Diplomatic Envoy

Oil Prices

Energy CrisisSeptember 2022FocusEurope

FOCUS on the Global Energy Crisis: Europe

Germany, along with the greater European Union, has promised to boost its lending to major energy firms as rising energy prices threaten to extend their crushing grip on the industry. According to Reuters, the European Commission has targeted specific paths to reduce electricity consumption along with placing a revenue cap on non-gas fueled plants. 

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