Denmark’s plans to export renewables to North West Europe via energy islands in the North and Baltic Seas are beginning to look increasingly promising following growing political support to tackle energy security and volatile prices due to the Ukraine war.
Poland, Bulgaria and Finland are the first EU nations to see Russian gas deliveries completely cut off after the invasion of Ukraine, but others may soon follow as Moscow insists on payment in rubles and launches counter-sanctions against the West.
Calls for more oil production in the U.S. are growing louder following Russia’s invasion of Ukraine. But after years of losing money from aggressive drilling, companies are reluctant to return to old ways.
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