The EU has set out plans to raise £101bn via a windfall tax on renewable energy suppliers and bring in a "demand reduction" law to address the growing crisis.
The historian Steve Davies is pessimistic about Western living standards over the next two decades. He warns that, due to the reduction in Russian gas supplies, "It's going to be very very hard this winter".
The EU is to approve a gas sharing plan should Russia cut supplies, under which member states will have to share gas as well as ration energy in a way that doesn’t favour those member states with alternative suppliers.
Fracking sites were granted a stay of execution last night as ministers considered using them for further research rather than concrete them up forever.
Britain has today followed the U.S. and banned Russian oil imports as drivers started queuing for fuel after being hit by the steepest weekly hike in fuel prices in more than 18 years.
Outrage seems to be the emotion driving current policy towards Russia, replacing the Fear that had dominated Covid policymaking in the past two years. But outrage, however justified, is no basis for achieving peace.
Boris Johnson believes the West should be given a “climate change pass” to help wean the EU off Russian gas supplies as he faces mounting pressure over the Government’s 2050 Net Zero target.
The average U.K. household could face energy bills of £3,000 a year, thanks to Russia's invasion of Ukraine. Time to rethink the fracking ban?
