Trump Administration Pays $1.2 Billion to Halt RWE US Wind Projects

By admin August 8, 2026 No comment

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German energy company RWE will abandon its offshore wind projects in the United States after reaching a $1.2 billion payout agreement with President Donald Trump’s Department of the Interior. The company will relinquish leases off the coasts of California, Louisiana and the New York Bight, saying there was no foreseeable path to securing permits for […]

Belgium Moves to Nationalise Nuclear Power Plants

By admin May 2, 2026 No comment

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Belgium is planning to take full control of its nuclear power plants by acquiring them from Engie, in a major policy shift aimed at strengthening energy security. Prime Minister Bart De Wever said the government intends to carry out a complete takeover of the country’s nuclear fleet, which includes seven ageing reactors. The move marks […]

Austria Approves Fuel Price Relief Measures

By admin March 27, 2026 No comment

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Austria’s lower house of parliament has approved draft legislation aimed at easing rising petrol costs, triggered by heightened tensions in the Gulf. Israeli and U.S. strikes on Iran, coupled with Iran’s threat to block shipping through the Strait of Hormuz, have pushed global oil prices higher, prompting the government to act. The ruling three-party coalition […]

Trump Grants Hungary One-Year Exemption from Russian Energy Sanctions

By admin November 8, 2025 No comment

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President Donald Trump has granted Hungary a one-year exemption from US sanctions on Russian oil and gas imports, marking a diplomatic win for Hungarian Prime Minister Viktor Orban. The decision, confirmed by a White House official, follows Orban’s visit to Washington, where he argued that his landlocked nation faced severe energy supply challenges without Russian […]