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submitted 5 days ago by yogthos@lemmy.ml to c/europe@lemmy.ml
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[-] yogthos@lemmy.ml 18 points 5 days ago

The EU cut itself off from Russian oil and gas. Industrial energy costs are already two to three times higher than its competition, and that's even before the new shock with energy supply from the Middle-East being cut off. And their move is to deliberately raise the cost and slow down the rollout of Chinese solar, the cheapest and fastest-deploying form of electricity in the market, on the pretext it's a security threat. You'd think the bigger security threat would be having your industrial base relocate to countries that didn't voluntarily price themselves out of energy.

[-] MattEagle@hexbear.net 12 points 5 days ago

Don't worry! That's actually 100% A-Okay as long as the relocation isn't in china

[-] yogthos@lemmy.ml 12 points 5 days ago

trust the plan

[-] orc_princess@lemmy.ml 11 points 5 days ago

Is this just an extension of oligarchs prioritizing their portfolios in US stocks and the like or am I missing something

[-] yogthos@lemmy.ml 10 points 5 days ago

I can't think of a better explanation

[-] Soot@hexbear.net 8 points 5 days ago* (last edited 5 days ago)

Yep, simple fossil fuel (and other) lobbying so they can get more government money instead, no matter how less efficient.

[-] TiredTiger@lemmy.ml 8 points 5 days ago

This makes more sense than all that blathering about "security".

this post was submitted on 05 May 2026
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Europe

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