Coal Industry News

Explained: The options energy ministers are looking at to cut electricity prices [Video]

European Union ministers are on Friday gathering in Brussels for an extraordinary meeting to agree on measures to alleviate the impact of the energy crisis on households and businesses.

The electricity market and its design are set to be at the heart of discussions, not just on Friday but also in the coming months, Suzanna Carp, an independent EU climate policy researcher, explained to Euronews.

This is because the price of electricity is set in the 27-country bloc by the most expensive energy source, which is gas, the price of which has skyrocketed over the past year.

Another topic ministers will debate is whether to levy a temporary tax on non-gas energy producers — renewables, nuclear, coal — some of which have made remarkable profits as their cost of production has remained well below what they were paid, ie the price of gas.

For the researcher, there is cause for optimism.

“I do think that Europe will actually …

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Coal Industry News

Group marches against banks funding fossil fuels in Sacramento [Video]

The group Third Act Sacramento held a protest in Sacramento as part of a national day of action to pressure banks to stop funding fossil fuel projects. The march from 10th Street and Capitol Mall to the Wells Fargo Center in Sacramento was one of 85 events happening across the country. Third Act is made up of activists who are 60 years and older. They delivered thousands of bank customer pledges to withdraw funds.