Thursday

8th Jun 2023

Ticker

EU summer fuel shortages possible, energy agency warns

Europe could face energy shortages in summer, the head of the International Energy Agency, Fatih Birol, warned German magazine Der Spiegel on Tuesday. "When the main holiday season starts in Europe and the US, fuel demand will rise. Then we could see shortages: for example with diesel, petrol or kerosene, particularly in Europe," he said. "We have an oil crisis, a gas crisis and an electricity crisis simultaneously," he said.

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EU's proposed ethics body 'toothless', say campaigners

Transparency campaigners say the new ethics body proposed by the European Commission will do little to prevent corruption at the EU institutions. The proposal comes six months after allegations of a Qatari corruption affair involving a former European Parliament vice-president.

Opinion

The 'BlackRock exemption' has no place in the EU's due diligence directive

With the EU's Corporate Sustainability Due Diligence Directive, there's an opportunity to harness the power of investment for truly sustainable activities. But to do this, it must not allow the 'BlackRock exemption' and instead cover institutional investors and asset managers.

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