Energy costs are expected to rise even faster than overall inflation, but a key assistance program will lack the extra funds it got for Covid relief.
Tag: Oil (Petroleum) and Gasoline
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Russia Says the Gas Pipeline to Germany Will Remain Closed
Nord Stream 1, operated by state-owned Gazprom, won’t reopen Saturday as expected, heightening fears Russia will step up its use of energy to pressure Europe.
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Price Cap on Russian Oil Wins Backing of G7 Ministers
The proposal aims to stabilize unsettled energy markets in the wake of Russia’s invasion of Ukraine. But it faces considerable obstacles.
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California Approves a Wave of Aggressive New Climate Measures
After lobbying by the governor, lawmakers adopted $54 billion in climate spending and voted to keep open the state’s last nuclear plant.
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Portugal Could Hold an Answer for a Europe Captive to Russian Gas
Long cut off from the continent’s grid, Portugal and Spain built a system based on imports and alternatives like solar that is the envy of fellow European Union nations.