Germany makes U-turn on nuclear energy policy, keeping 2 plants as backups amid its natural-gas crisis

Germany's Economy Minister Robert Habeck said the country would delay the phasing out its last two nuclear plants amid its energy crisis. Roberto Pfeil – Pool/Getty Images Germany was set to phase out nuclear energy by end-2022 but will now keep two plants as backups. The two nuclear plants would come online only when necessary, […]

Russia may face a domestic energy crunch as production slows following EU’s oil embargo, natural-gas cuts to Europe

Russian President Vladimir Putin. Mikhail Svetlov/Getty Images A halt in gas supplies to Europe could cost Russia as much as $ 6.6 billion a year, per Bloomberg. The export slump could lead to deep cuts in Russian gas output, hitting domestic energy goals. The EU's oil embargo could also cause production of the fuel to […]