FRANKFURT/DUESSELDORF—Uniper, the highest-profile corporate victim of Europe’s energy crisis so far, reported a 12.3 billion euro loss ($12.5 billion) due to Russian gas supply cuts, saying it had become a “pawn” in the energy standoff between the European Union and Moscow. Germany’s largest importer of Russian gas needed a 15 billion euro government bailout last…
Pummeled by Gas Crisis, Germany’s Uniper Posts $12.5 Billion Net Loss
August 17, 2022
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Government Will Shake Hands With Gas Producers to Tackle Gas Shortfalls
Australian Prime Minister Anthony Albanese is set to work closely with gas companies to address supply issues after an energy report predicts a gas shortfall in 2023 if exporters send all excess gas overseas. Albanese on Tuesday stressed the importance of ensuring a consistent flow of domestic supply as the government revealed plans to invoke a gas trigger mechanism from…
Havana Announces Blackouts, Cancels Carnival as Crisis Deepens
HAVANA—The Cuban capital of Havana will begin electricity blackouts in August, has canceled carnival, and is taking other measures as the country’s energy crisis worsens, state media reported on Saturday. The capital, home to a fifth of the population of 11.2 million and center of economic activity in Cuba, had been spared the daily power…
Bailouts, Recessions Become New Wrinkles in Europe’s Energy Crisis
The energy crisis unfolding in Europe is starting to weigh on a growing number of the continent’s oil, gas, and utility companies. Uniper, Germany’s struggling natural gas utility giant, recently filed a bailout application to the government after facing significant financial challenges, according to Finnish majority owner Fortum. For weeks, the firm had been in…
European Firms on Verge of Bankruptcy as Energy Crisis Deepens
The energy crisis unfolding in Europe is starting to weigh on a growing number of the continent’s oil, gas, and utility companies. Uniper, Germany’s struggling natural gas utility giant, recently filed a bailout application to the government after facing significant financial challenges, according to Finnish majority owner Fortum. For weeks, the firm had been in…
Japanese Prime Minister Says Japan Must Activate More Nuclear Reactors to Prepare for Winter Energy Crunch
Japan’s Prime Minister Fumio Kishida has urged the Japanese trade industry minister to have nine nuclear reactors operational by the upcoming winter season as he warned of a potential power crunch. “There are concerns that [power] supply and demand will be tight again this winter. We must prevent such a situation at all costs,” Kishida…
Gas and Coal Plants Should Be Paid to Protect Reliable Energy: Australian Energy Board
June 20, 2022
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AustraliaAustralian Energy Market OperatorBusiness & MarketsChris Bowenenergy crisisenergy security boardWorld
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All energy generators, including traditional gas and coal-fired plants, should be paid to have its capacity available when required to ensure reliable supply, according to a new draft paper. Australia’s Energy Security Board (ESB) has highlighted the current important role that fossil fuels played in the national energy grid as the country makes its transition…
‘It’s Always About How’: Australian Shadow Treasurer Asks Government How It Will Achieve New Emissions Target
Australian shadow treasurer Angus Taylor has criticised the Labor government’s 43 percent emissions target, asking it to explain how it would ensure the needed power supply to businesses and homes. The comment comes after thousands of homes on Australia’s east coast were plunged into darkness on Monday as electricity suppliers struggled to meet demand as…
Capitol Report (June 17): Bi-partisan Gun Bill Meets Resistance; Fundamental Causes of Economic Downturn
June 17, 2022
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2026 FIFA World CupCapitol Reportclimate changeCOVID-19 vaccineenergy crisisEpochTVfather's dayFDAFIFAFloridagas pricesgun lawsinfantsLarry NassarMichigan Supreme CourtUSUS News
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As gas prices continue to soar, President Joe Biden turns his focus to climate change. What is he telling world leaders, and why do Republicans say his plan won’t deliver? Congressman Buddy Carter sits on the Energy and Commerce Committee, and he’ll join us to weigh in on the ongoing energy crisis. How’s Congress coming…
Capitol Report (June 17): Bipartisan Gun Bill Meets Resistance; Fundamental Causes of Economic Downturn
June 17, 2022
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2026 FIFA World CupCapitol Reportclimate changeCOVID-19 vaccineenergy crisisEpochTVfather's dayFDAFIFAFloridagas pricesgun lawsinfantsLarry NassarMichigan Supreme CourtUSUS News
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As gas prices continue to soar, President Joe Biden turns his focus to climate change. What is he telling world leaders, and why do Republicans say his plan won’t deliver? Congressman Buddy Carter sits on the Energy and Commerce Committee, and he’ll join us to weigh in on the ongoing energy crisis. How’s Congress coming…
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