Europe has immense difficulty putting its money where its mouth is. Amidst ceaseless talk of “energy independence” in Brussels and national capitals, how much is the continent willing to invest to definitively wean itself off Russian gas? The figure would likely climb with the war’s every passing minute.
The problem, however, is that there is no such figure. Despite the real prospect of blackouts this winter, Europe is not on the same page when it comes to energy. Late last week, the French Ministry of Ecology showed yet again its intent to stonewall Midi-Catalonia (MidCat), a half-built gas pipeline that would link up Germany and surrounding Russia-dependent countries to Algeria’s alternative supply through the Iberian Peninsula. Politicians and executives across Spain, MidCat’s main would-be beneficiaries, are understandably incensed… Leer más