(Bloomberg) -- Top German industries could face collapse because of cuts in the supplies of Russian natural gas, the country’s top union official warned before crisis talks with Chancellor Olaf Scholz starting Monday.
“Because of the gas bottlenecks, entire industries are in danger of permanently collapsing: aluminum, glass, the chemical industry,” said Yasmin Fahimi, the head of the German Federation of Trade Unions (DGB), in an interview with the newspaper Bild am Sonntag. “Such a collapse would have massive consequences for the entire economy and jobs in Germany.”
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Russia has reduced shipments through Nord Stream pipeline by 60% and the pipeline is scheduled for a full shutdown this month for maintenance. Germany has raised doubts that Nord Stream will resume supply after that.
Until very recently Germany and the EU have been trying to get gas power designated as renewable so they can transition from coal.
Then Ukraine.
Now their energy security is at huge risk.
Instead of ramping their Nuclear back up and going all out on wind and solar, they put themselves in the back pocket of Russia.
When politicians talk energy security this is exactly what they mean
The bizzare thing is those most for energy security are most against the low hanging fruit of energy given to us for free that we just need to harvest.
Attitudes are now changing. Rapidly.