Showing posts from May, 2022

War In Ukraine Raises Questions About Pace And Scale Of Energy Transition

Published: DOB Written By: Carter Haydu May 30, 2022 The European Union has delivered — with policies of transitioning onto renewables — energy security entirely into the hands of Russia, says  Ron Wallace , fellow with the  Canadian Global Affairs Institute  (CGAI). “And now, because of the Ukrainian crisis, the magnitude of what has happened here has really in the last few weeks exploded onto the policy agenda,” he told the  Bulletin . “Suddenly, you don’t hear a lot of talk about climate in Europe right now. It’s all about security. They’re facing consumer revolts.” For example,  Gazprom PJSC   recently halted  gas flows to Poland and Bulgaria, with plans to keep the supplies turned off until the two counties agree to pay for the fuel in rubles. The EU has rejected paying in rubles in principle, saying it violates sanctions and strengthens Russia’s hand. Jeremy Low , managing director, head of European oil and gas at  Houlihan Lokey Inc. , told an  Energy Council  webinar that in re