<p>Officials in the <a href="http://dailywire.com/topic/european-union" target="_blank" rel="noopener">European Union</a> are eyeing a “solidarity contribution” from <a href="http://dailywire.com/topic/energy" target="_blank" rel="noopener">energy</a> companies as the bloc grapples with rising power prices.</p>
<p>European nations are attempting to secure energy supplies as <a href="http://dailywire.com/topic/oil-and-gas" target="_blank" rel="noopener">natural gas</a> costs increase <a href="https://www.dailywire.com/news/back-to-the-dark-ages-tucker-carlson-details-europes-self-induced-energy-crisis" target="_blank" rel="noopener">more than tenfold</a> compared to normal levels. After leading finance ministers floated a <a href="https://www.dailywire.com/news/g7-finance-ministers-commit-to-russian-oil-price-cap-will-help-ukraine-for-as-long-as-it-takes" target="_blank" rel="noopener">price cap</a> on Russian oil, the nation severed gas flow through the Nord Stream 1 pipeline last week, citing mechanical issues as the country continues its <a href="https://www.dailywire.com/topic/ukraine-russia-war" target="_blank" rel="noopener">invasion of Ukraine</a>.</p>
<p>European Commission President Ursula von der Leyen <a href="https://www.dailywire.com/news/european-union-intends-to-flatten-the-curve-for-electricity-use" target="_blank" rel="noopener">announced</a> on Wednesday that member states would impose the price cap while seeking a “solidarity contribution” from fossil fuel companies. During a Friday meeting in Brussels, however, energy ministers failed to reach a consensus on the former policy and debated the specific terms of the latter.</p>
<p>“We can’t take this card off the table because the other, better way — namely bringing down prices — could certainly be complicated,” German Economy and Energy Minister Robert Habeck <a href="https://apnews.com/article/russia-ukraine-poverty-european-union-b3c5049fc902bf22da3b7eb3d2a64edf" target="_blank" rel="noopener">told</a> reporters, according to The Associated Press. “We’re doing something that affects the heart of European energy supply — we’re intervening in the markets.”</p>
<p>Irish Climate Minister Eamon Ryan noted that policies must be implemented “within weeks, not months.” He added that citizens will “see the high prices having effect” as temperatures decrease this fall.</p>
<p>Meanwhile, Russian President Vladimir Putin appeared to double down on the restricted energy shipments, remarking at the Eastern Economic Forum on Wednesday that he is <a href="https://www.dailywire.com/news/let-the-wolfs-tail-freeze-putin-doubles-down-on-halting-natural-gas-flow-to-western-europe" target="_blank" rel="noopener">prepared to ignore</a> existing supply agreements. “Will there be any political decisions that contradict the contracts? Yes, we just won’t fulfill them. We will not supply anything at all if it contradicts our interests,” Putin said. “We will not supply gas, oil, coal, heating oil — we will not supply anything.”</p>
<p>European Union ministers concurred that Russia was attempting to “blackmail” its geopolitical rivals. “Russia has used its gas supplies as a weapon to foster an energy crisis next winter but also to weaken our economies and divide — politically — the European Union,” European Union Energy Commissioner Kadri Simson said. “We have to ensure that their efforts will fail.”</p>
<p>Several member nations of the European Union, which abides by the official <a href="https://ec.europa.eu/clima/eu-action/climate-strategies-targets/2050-long-term-strategy_en" target="_blank" rel="noopener">policy</a> of becoming “a climate-neutral society” by 2050, heavily regulate fossil fuel production even as they gradually close remaining <a href="https://www.dailywire.com/news/germany-reverts-to-burning-coal-will-keep-two-nuclear-plants-open-ahead-of-winter-months" target="_blank" rel="noopener">nuclear plants</a>. Mentioning low hydropower capacity stemming from drought conditions throughout the continent, von der Leyen also said on Wednesday that the European Union would consider a “mandatory target” for cutting electricity consumption during peak hours.</p>
<p>“If you look at the costs of electricity, there are peak demands. And this is what is expensive, because, in these peak demands, the expensive gas comes into the market,” she said. “So what we have to do is to flatten the curve and avoid the peak demands. We will propose a mandatory target for reducing electricity use at peak hours.”</p>
<p>France has <a href="https://www.dailywire.com/news/french-president-calls-for-10-cut-in-energy-use-will-ration-power-as-a-last-resort" target="_blank" rel="noopener">called</a> for a 10% reduction in energy consumption, while Spain and Switzerland <a href="https://www.dailywire.com/news/switzerland-may-jail-people-who-turn-heat-above-66-degrees-this-winter" target="_blank" rel="noopener">regulate</a> thermostat levels for households and businesses. In a departure from other European officials, however, British Prime Minister Liz Truss reversed the nation’s ban on fracking and proposed a <a href="https://www.dailywire.com/news/british-prime-minister-liz-truss-unveils-package-to-cut-soaring-fuel-prices-offers-reforms-so-we-are-never-in-this-position-again" target="_blank" rel="noopener">return to oil and gas</a> drilling in the North Sea.</p>
<p>“Energy policy over the past decades has not focused enough on securing supply,” Truss told the House of Commons. “All of this has left us vulnerable to volatile global markets and malign actors in an increasingly geopolitical world.”</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

European Union Questions Russian Oil Price Cap, Considers Making Fossil Fuel Companies Pay A ‘Solidarity Contribution’

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Climate Change

Energy

European Union

Oil and Gas

Ukraine-Russia War

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

European Union Questions Russian Oil Price Cap, Considers Making Fossil Fuel Companies Pay A ‘Solidarity Contribution’