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Punitive energy prices fail to spark any sense of urgency in Europe
Summary by Brussels Report
1 Articles
1 Articles
Punitive energy prices fail to spark any sense of urgency in Europe
Last month, the founder and owner of leading chemical giant INEOS made a major call upon European policy makers, both in the EU and the UK. Sir Jim Ratcliffe stated: “I am calling on Europe’s politicians to make an ‘eleventh-hour’ intervention and save the chemical industry. (…) Europe’s chemical industry is at a tipping point. The UK’s chemical production is already down 30%, German production is down 18% and French production is down by 12%. 2…
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