Gazprom’s $11bn project to deliver gas from Russia to Germany seems impossible to abandon and impossible to carry forwardThe saga of Nord Stream 2, the gas pipeline between Russia and Germany running along the Baltic seabed, has been stuck so long it h…
Germany’s foreign minister under pressure over Nord Stream 2 sanctions
Annalena Baerbock has sympathy with US demands, but there’s Social Democrat support for Russia’s pipelineGermany’s new foreign minister, Annalena Baerbock, has been caught a diplomatic vice days into the job, as US puts pressure on the coalition govern…
Johnson’s backing for the Cambo oilfield is unscientific and potentially disastrous | Peter Capaldi
The government should be supporting green jobs for fossil fuel workers, not deepening our dependency on oil and gasIn three weeks’ time world leaders will gather in my hometown of Glasgow to talk about the biggest threat to our future: the climate cris…
Will October again be memorable for wrong reasons as economic risks build? | Larry Elliott
Bad things happen in this month and, as IMF prepares for annual meeting, signs of a crisis loomBad things happen in October. It was in this month 13 years ago that the global banking system came close to imploding. There was a stock market bloodbath in…
Energy crisis: Treasury reprimands Kwarteng after help for firms claim
Source close to Rishi Sunak accuses business secretary of ‘making up’ talks with chancellor about supportThe Treasury has issued an extraordinary reprimand to the business secretary, Kwasi Kwarteng, after he suggested he was consulting the chancellor, …
Like it or not, with Nord Stream 2, Putin has a foot on the gas Europe badly needs
With Gazprom’s flagship pipeline poised to deliver energy under the Baltic, leaders have little choice but to do businessAfter years of debate in Germany and beyond, the Russian state-backed energy giant Gazprom confirmed last month that it had finish…
Energy crisis: Tory MPs join Labour in urging support for heavy industry
Households expected to be hit by massive bills in spring after 250% rise in gas prices since JanuaryInstant bill increases for millions of customers will be held back by maintaining the energy price cap, the business secretary has said, as he resists a…
UK faces ‘grim winter’ with households already paying £442 extra in bills
Analysts warn cost of living crisis is gathering pace amid fast rises in petrol, food and energy billsWatch out for hidden ‘shrinkflation’ price hikes, analysts warnRising inflation ‘could trigger global sell-off that would harm UK’Households face a “p…