Skyrocketing energy prices in Europe could alter the region's industrial landscape, with analysts increasingly worried that manufacturers could relocate to the U.S., where energy is cheap and incentives are big.
Before Russia invaded Ukraine, Germany had committed to phasing out coal by the end of the decade. But instead of closing several coal-fired power plants by the end of this year, 20 are being resurrected — or extended past their closing dates — to ensure the country has enough energy to get through the winter.A protester holds a flag reading"stop coal" in front of coal-fired Neurath Power Station, next to the Garzweiler coal mine, in Luetzerath, Germany, on Nov. 12.
Experts say European companies that shutter could move operations to the U.S., where energy is plentiful and much cheaper.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russian missile strike on Zaporizhzhia maternity hospital kills newborn baby | CNNA two-day-old baby died in a Russian strike on a maternity hospital in Vilnyansk in southeastern Ukraine on Wednesday, as Moscow ramped up attacks on civilian infrastructure nationwide.
Read more »
Most Ukrainians left without power after new Russian strikesRussia unleashed a new missile onslaught on Ukraine’s battered energy grid Wednesday, robbing cities of power and some of water and public transport, too, compounding the hardship of winter for millions.
Read more »
North Texas Couple United With Infant Twins Who Were Rescued From Russian OrphanageTwo North Texas parents have been united with their infant twins who were born via surrogate in Russia.
Read more »
Ukraine intelligence focuses suspicions on Orthodox clergy thought to be loyal to RussiaThe clergy among Orthodox Christians have recently been fractured along political lines since before the war in Ukraine. Now the Ukrainian government is investigating instances of subversive activities in the service of Moscow.
Read more »
Oil falls as supply-disruption fears ease amid Russian price cap talksOil prices fell on Thursday, extending losses from the previous session, as fears of supply disruption eased on news that the Group of Seven (G7) nations were considering a high price cap on Russian oil.
Read more »
Most Ukrainians are left without power after new Russian strikesA punishing new barrage of Russian strikes on Ukrainian infrastructure has caused vast power outages, adding to civilians' misery as winter begins.
Read more »