EQNR - Europe changes tack - natural gas and nuclear now green

Since the UN Climate Change Conference concluded in November of last year, European leaders have experienced one of the worst energy crises in the Continent's history. Coal consumption increased, as gas prices hit record highs, and governments began subsidizing fossil-fuel generated power. All of this on top of an increasingly complex energy security dynamic, as Russia builds a military presence on the Ukrainian border. In the midst of the overlapping crises, the European Commission has pivoted towards legacy energy sources in a new, policy-linked framework released today. Going forward, nuclear and natural gas will be considered "sustainable" forms of energy in Europe.  The new plan has not come without opposition. Rather the Continent is quite divided on the policy definitions. Germany shut half its nuclear fleet last month and plans to shut the remainder this year. Meanwhile France's Macron has said the "number one priority" in his industrial strategy is

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Europe changes tack - natural gas and nuclear now "green"