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Tag Archives: Germany

Vattenfall gets EU green light to sell German coal assets

Wyoming coal

BERLIN (AP) — Energy company Vattenfall AB says it has received approval from the European Commission to sell its loss-making coal assets in Germany. The Swedish state-owned company said Thursday that it expects the transfer to Czech energy company EPH and private equity group PPF Investments to be completed in the coming weeks. The assets include four active mines and ...

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Germany demands closure of French nuclear plant near border

Fessenheim Nuclear Power Plant, Haut-Rhin, Alsace, France. (Image: Florival fr via Wikipedia - CC3.0)

BERLIN (AP) — Germany says it wants France to shut down its oldest nuclear plant as soon as possible amid reports Friday that an incident at the facility two years ago was more serious than previously known. German daily Sueddeutsche Zeitung and public broadcaster WDR reported a series of problems when engineers tried to tackle a minor water leak that ...

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Study: Fracking in Germany would not contaminate drinking water

Study: Fracking in Germany would not contaminate drinking water

A study by geologists at the Federal Institute for Geosciences and Natural Resources (BGR) found that developing Germany’s shale oil and gas with hydraulic fracturing would not contaminate drinking water resources. A Reuters report summarized its findings. Geologists used computer simulations to study what would happen to fracking fluids when injected into the bedrock of the North German Basin. “We ...

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Exit now, pay later: Germany’s rushed farewell to nuclear power

FRANKFURT/BERLIN – When Chancellor Angela Merkel called up the boss of Germany’s biggest power producer RWE two days after the first explosion at Japan’s Fukushima nuclear plant, there was no mention of a u-turn in her energy policy. Twenty-four hours later, Juergen Grossmann learnt through the media that Merkel was planning to shut down the country’s oldest nuclear plants and ...

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In a world awash with oil, inland Europe runs dry with the Rhine

LONDON/FRANKFURT – While the world grapples with overflowing oil, Europe is struggling to refill its inland tanks as a result of a decidedly old world problem that could torpedo any recovery in oil prices – lack of rain. Stubbornly low water levels <WL-KAUB> are disrupting barge traffic on the Rhine, threatening car drivers in Switzerland and oil producing behemoths such ...

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Forget VW: Oil slump more to blame for weak U.S. diesel demand

NEW YORK – Long before Volkswagen AG’s emissions scandal spelled bad times for diesel, U.S. consumption of the fuel was bafflingly weak. Despite surprisingly robust economic growth, rising truck cargo, and pump prices that fell to parity with gasoline for the first time in six years, U.S. diesel use rose by only 0.2 percent in the first seven months of ...

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Gazprom to offer more gas at spot prices via Nord Stream II – sources

MOSCOW/MILAN – Russian energy producer Gazprom is preparing to offer to sell more natural gas to Europe at spot prices to ensure European companies’ support for a planned pipeline bypassing Ukraine, industry sources say. Worried that conflict-ridden Ukraine is not a reliable transit route, the state-run company signed a shareholders’ agreement with five European firms last month to build the ...

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A big gain for stocks at the end of a turbulent quarter

NEW YORK (AP) — U.S. stocks rose across the board Wednesday following big gains in Asia and Europe, a buoyant end to the worst quarter for the market in four years. From worries over a slowing Chinese economy, uncertainty over interest rates and a scary slide in commodity prices, stocks have been hit with one blow after another in the ...

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FACTBOX-Diesel engines and how VW’s “defeat device” worked

Germany’s Volkswagen, the world’s largest automaker by sales, has admitted it had rigged emissions tests in diesel-powered vehicles in the United States and U.S. authorities said on Monday they would widen their probe to other automakers. The following are some facts about diesel car engines, the tailpipe pollution they emit and the “defeat device” software that federal regulators say VW ...

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Germany’s oldest remaining nuclear plant shuts down

BERLIN (AP) — Germany’s oldest remaining nuclear reactor has been shut down, part of a move initiated four years ago to switch off all its nuclear plants by 2022. Bavaria’s environment ministry said Sunday that the Grafenrheinfeld reactor in the southern German state was taken offline as scheduled overnight, the news agency dpa reported. Grafenrheinfeld went into service in 1981. ...

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