The European Union declared that Nuclear Power and Natural Gas are now to be considered "green energy"
"In February, the EU said that nuclear and natural gas energy plants could be counted as “green energy” under controversial EU plans related to climate change.
The European Commission says it has decided that both types of energy can classify as “sustainable investments” if they meet specific targets.
The move divided the EU and has been fiercely opposed by some members."
While we bankroll the Ukraine, the EU bank refuses to give a loan to Ukraine because of insufficient collateral. And then there is this:
European Union members are actively buying up liquefied natural gas (LNG) as an alternative to Russian pipeline supplies, depriving poorer countries that cannot compete for the fuel due to high prices, The Wall Street Journal claimed on Friday.
According to the publication, the price of LNG has skyrocketed 1,900% from its low two years ago. Current prices are equivalent to buying oil at $230 a barrel, while LNG normally trades at a discount to oil. Developing countries cannot compete with Europe for the supplies at such prices of about $40 per million British thermal units (MMBtu).
According to Wood Mackenzie data, cited by the Journal, European nations have ramped up their LNG imports by almost 50% year-to-date through June 19. At the same time, India’s imports during that period decreased by 16%, China slashed purchases by 21%, and Pakistan by 15%.
www.rt.com/business/558631-europe-gas-sc...urting-poor-nations/
And now that the Ukraine-Russia war is becoming a long term battle of attrition, the UK is already asking families to stagger meal times this winter and lower the furnace to prevent rolling blackouts.
Imagine if this war takes three to five years? I could see it continuing as long as Putin is alive.
Thomas Sowell: There are no solutions, just trade-offs.
