Companies burn coal, lignite, and even oil to keep lights on

Rev 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, “Come!”4 Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).

Important Takeaways:

  • Europe has never paid so much for power as costs soar more than 200% to record
  • The average cost of power for delivery in the short-term is on track to end the year at record levels, rising over 200 per cent in Germany, France, Spain and the U.K.
  • In the Nordic region — where vast supplies of hydro power tend to cap prices — costs surged 470 per cent from a year earlier.
  • Europe’s energy crunch was a result of shortages of natural gas just as demand rebounded following 2020’s lockdowns. The crisis was also aggravated by lower than normal wind speeds and nuclear power outages that have strained power grids, forcing the region’s energy companies to burn polluting fossil fuels.
  • Companies burned coal, lignite and even oil to keep the lights on, the cost of buying permits to pollute surged.

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