Connect with us

News

Russia-Ukraine War: Europe Unveils Plans To Spend $221 Billion To Ditch Russian Gas, Oil And Coal 

Published

on

The European Union has announced a €210 billion ($221 billion) plan to wean itself off Russian oil, coal, and gas.

Since Russia invaded Ukraine in February, the EU has sought to reduce its reliance on Russia’s vast energy exports, which have aided Vladimir Putin’s military in its conflict with Ukraine. The EU agreed to ban Russian coal beginning in August and had reduced Russia’s share of EU natural gas imports to 26 percent last month, down from 40 percent the previous year.

However, many European countries rely on Russian energy, with Hungary and Germany warning that plans to wean themselves off Russian energy could severely destabilize their economies.

The EU has now unveiled a plan to quickly ramp up imports of liquefied natural gas from the United States and Canada, as well as increase pipeline gas flows from Norway, while also establishing a platform for countries to jointly purchase energy, with the goal of helping to bring down skyrocketing prices.

The European Commission presented its “REPowerEU” plan on Wednesday, May 18, saying it would try to cut Russian gas consumption across the bloc by 66 percent by the end of this year — and break its dependence completely before 2027 — by saving energy, finding alternate sources, and hastening the transition to renewables.

“We are raising our ambition even higher to ensure that we become independent of Russian fossil fuels as soon as possible,” EU Commission President Ursula von der Leyen said at a press conference on Wednesday.

“Europe has more clout when it acts together,” von der Leyen said of the joint procurement program. “In this way, we can secure the energy imports we require while avoiding competition among our member states.”

The plan also emphasizes energy-saving measures as the “quickest and least expensive way” to address the crisis. Europe will encourage citizens and businesses to reduce their energy consumption, such as by turning off lights and turning down air conditioning.

In the future, the European Union will increase its target of obtaining at least 40% of its energy from renewable sources to 45 percent. The bloc intends to drastically reduce the time it takes to obtain permits for new renewable energy projects.

The EU coronavirus recovery fund would be used to fund a large portion of the €210 billion ($221 billion) in new investments planned between now and 2027.

The plan would need to be approved by EU member states, while others are just suggestions.

The EU leader also stated that the EU is working on an oil embargo to force landlocked countries that rely heavily on Russian oil delivered via pipelines to find alternative supplies.

Hungary, which received approximately 40% of its oil imports from Russia last year, according to the International Energy Agency, has stated that it will not support such a move against Russian energy.

Germany, Europe’s largest economy, is particularly reliant on Russian gas, but has managed to reduce Russia’s share of imports from 55% to 35% since the invasion, according to Economy Minister Robert Habeck last month.

Kubidyza is a Global Celebrity Blogger, Music Promoter and a Social Media Influencer | Most Influential Blogger In Ghana For Bookings: Kubinho80@gmail.com

News

Mason Greenwood Has Bail Extended As Rape Investigation Continues

Published

on

Manchester United footballer Mason Greenwood will remain on bail over allegations he raped and assaulted a young woman following a court hearing.

The 20-year-old was arrested in January after images and videos were posted online, and he was also questioned on suspicion of making threats to kill.

His bail was due to expire in April but Greater Manchester Police made an application to the courts to extend it, with a hearing held on Thursday.

On Friday, a force spokesman said: “Following a hearing yesterday, a 20-year-old man arrested on suspicion of rape, assault and making threats to kill on Sunday, January 30 remains on bail.”

The spokesman said no further updates would be issued until the suspect was charged or released facing no further action.

Within hours of the allegations surfacing online, the striker – who has made one appearance for England – was suspended from playing or training with the Old Trafford club until further notice.

Nike suspended its sponsorship deal with Greenwood, and later terminated it, while Electronic Arts confirmed his removal from active squads on its Fifa 22 game.

Continue Reading

News

Black Stars Goalkeeper Jojo Wollacott Joins Charlton Athletic

Published

on

English League One side, Charlton Athletic FC have signed Black Stars goalkeeper, Joseph Wollacott on a three-year deal.

The 25-year old joins Charlton Athletic as a free agent after his contract expired at Swindon Town where he made 39 appearances last season and helped them to the League Two play-offs.

He becomes the club’s third signing ahead of the new season.

Wollacott has seven caps for Ghana after making his international debut last year.

Wollacott came through the ranks at Bristol City and went on loan spells outside the EFL. He then joined then League Two side Forest Green Rovers on loan in 2019/2020, making his professional debut against Charlton.

He joined Swindon Town on an emergency loan in 2021, before signing a permanent deal at the start of the 2021/2022 season.

Wollacott was voted League Two goalkeeper of the season after an outstanding 2021/2022 campaign with Swindon Town.

Continue Reading

News

Girl Found Dead In Drain With Her Hands Tied In Ablekuma

Published

on

The lifeless body of a teenage girl was found in a drain with her hands tied.

Residents of Ablekuma Manhean in the Ga West Municipality of the Greater Accra Region, Ghana, were shocked to find the body at about 6:00am on Thursday, June 23.

An eyewitness, Hawa Usman, who spoke to Citi TV, said the hands of the deceased were tied at the time she was discovered.

Girl found dead in drain with her hands tied

Hawa said: “My child was the first person to see the body. She was waiting for a friend so they can walk to school together. But upon getting to the place, she noticed the body of the lady and came home to inform me.”

The citing of the body caused a crowd to gather at the drain as locals strained to get a glimpse of the deceased.

Girl found dead in drain with her hands tied

Continue Reading

Latest Stories

The Daily

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Follow Us

Trending