The UK government has told local authorities to crack down on people using wood-burning stoves to keep warm with fines of £300 or potentially criminal prosecutions for those who continually refuse to abide by state climate diktats. Amid the energy … Read More
Brent crude prices have been on a sharp decline since peaking in June, nearly giving up all the year’s gains. And Credit Suisse says the selloff is not yet over. “The market remains well below its 55-Day Moving Average and … Read More
FRANKFURT, Dec 15 (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. That’s the cumulative scale of the … Read More
Germany nationalized Uniper, its largest utility company and importer of natural gas, on Sept. 21, in a move to keep its domestic energy industry afloat and to avert a collapse of the energy sector. The government in Berlin had earlier … Read More
SAN DIEGO (CNS) – The operator of the state’s power grid warned of an increasing likelihood of power shortages Tuesday unless consumers can reduce their energy use even more than they have so far, as California continued to bake under … Read More