The federal government has found a powerful supporter for its decision to allow a natural gas pipeline between Russia and Europe to resume operations. The U.S. State Department says it backs Canada’s decision to send repaired turbine equipment vital to the Nord Stream 1 pipeline back to Germany. Spokesman Ned Price says it’s the right…
US State Dept Backs Up Canada’s Decision to Return Nord Stream 1 Turbines to Germany
Ukraine Criticizes Canada Over Return of Turbines for Russia-Germany Pipeline
The Ukrainian government is calling on Canada to reconsider its decision to allow the delivery of turbines from a Russia-Europe natural gas pipeline to Germany, saying it sets a “dangerous precedent” when it comes to sanctions against the Russian regime. Natural Services Canada Minister Jonathan Wilkinson announced on social media Saturday that turbines from the…
Germany’s ‘Social Peace Is in Great Danger’ as Gas Use Rationed Amid Energy Squeeze: Experts
Experts have warned that “social peace is in great danger” in Germany as the country has turned to rationing hot water, dimming its street lights, and shutting down swimming pools amid a nationwide energy crunch. According to local reports, Vonovia, the country’s largest residential landlord, announced on Thursday that it would be lowering the temperature of…
Swine Fever Outbreak in Germany’s Top Pork State Poses Lasting Threat
HAMBURG—The spread of African Swine Fever to Germany’s most important pig rearing region has dealt a serious blow to the sector with major markets such as China likely to maintain import bans for years to come, analysts said on Monday. The outbreak on a farm in Emsland, Lower Saxony is the first in the north-west…
Drop in Demand Weighs on German Manufacturing, Outlook Darkens: PMI
BERLIN—A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe’s largest economy, a survey showed on Friday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 52.0 in June from May’s final reading of 54.8, in…
G7 Leaders Struggle to Cope With Consequences of Green Energy Agenda
June 29, 2022
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Business & Marketseconomic policieseconomyG7 leadersGermanygreen energyGroup of SeveninflationInvestmentrecessionUS
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Reality is starting to intrude on the G7’s ongoing campaign to dismantle the West’s oil and coal industry. As leaders of the Group of Seven rich nations—the United States, Germany, Britain, France, Italy, Canada, and Japan—gathered at the luxurious Castle Elmau in Germany’s Bavarian Alps this week, they were forced to admit privately what now…
G-7 Leaders Struggle to Cope With Consequences of Green Energy Agenda
June 29, 2022
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Business & Marketseconomic policieseconomyG7 leadersGermanygreen energyGroup of SeveninflationInvestmentrecessionUS
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Reality is starting to intrude on the Group of Seven (G-7) nations’ ongoing campaign to dismantle the West’s oil and coal industry. As leaders of the G-7—the United States, Germany, Britain, France, Italy, Canada, and Japan—gathered at the luxurious Castle Elmau in Germany’s Bavarian Alps this week, they were forced to acknowledge privately what now…
Germany Says Situation With Natural Gas Is ‘Tense’ and Could Deteriorate, After Sounding Gas Crisis Alarm
June 29, 2022
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Business & Marketscommoditieseconomic policieseconomyEuropeGermanyMarketsNatural gasRussia-Ukraine WarWorld
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Officials in Germany on Tuesday said that the situation with natural gas in the country was “tense” and could worsen, just days after the government triggered the “alert level” of its emergency gas plan. In its gas supply report, the country’s Federal Network Agency, also known as Bundesnetzagentur, announced that it is “monitoring the situation very closely…
Police Rule out Foul Play After Boy Lost in Sewer for 8 Days
BERLIN—Police say there are no signs of foul play in the case of an eight-year-old boy who was found in a rainwater sewer more than a week after going missing in northern Germany. The boy disappeared on June 17 in the town of Oldenburg. Search parties spent days looking for him in vain until somebody…
Why Biden’s Green Energy Policy Will ‘End in Tears’
News Analysis American Founding Father Benjamin Franklin once said that “experience is an expensive school but fools will learn in no other.” Germany’s green energy policy, launched in the year 2000, could have been a cheap lesson for America today. The Biden administration has chosen to follow Germany, providing heavy subsidies for wind and solar,…
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