Enel, an Italian energy powerhouse, has decided to divest its holdings in two Peruvian subsidiaries. They will sell these shares to Niagara Energy for €1.3, roughly $1.42 billion. This decision is a strategic move to decrease Enel’s debt, which reached €63.3 billion by September’s end. Notably, the Italian state holds a 23.6% share in this […]
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Poland warns, EU’s green initiatives pose a potential risk to energy security of not just Poland but Europe at large
The Polish government has expressed plans to contest two of the European Union’s environmental laws: the Carbon Border Adjustment Mechanism (CBAM) and the Emission Trading System (ETS). This move adds to Poland’s four existing challenges filed with the European Union Court of Justice (EUCJ) regarding climate and environmental policies included in the European Commission’s “Fit […]