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Europe ‘falling behind US and blighted by energy costs’

Posted on 10 April 2013

Europe is falling dangerously far behind the US in productivity growth and is blighted by crippling energy costs, the pan-EU industry federation has warned. “Europe doesn’t have an energy policy. It has a climate policy,” said Markus Beyrer, head of BusinessEurope.
Mr Beyrer said the US is running away with the shale energy revolution, leaving Europe’s companies in the dust. Spot gas prices are now four to five times higher in Europe, with grim implications for the chemical industry………………………………………..Full Article: Source


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