Continent’s natural-gas crisis is morphing into a genuine power emergency. Canada could help, but won’t
By Henry Geraedts, National Post, Sept. 8, 2022
As the collapse of Europe’s energy structure begins to unfold it’s important to understand that its impact across the socio-economic landscape isn’t yet anywhere near full force. The bankruptcy of utilities and energy providers continues. France recently re-nationalized core utility EDF, operator of its nuclear plants, while Germany opted for a €9 billion bailout to save linchpin utility Uniper.
The true and overarching danger to Europe, however, is the accelerating threat to its industrial base and small businesses.… Read more