{"id":258736,"date":"2022-09-17T06:40:46","date_gmt":"2022-09-17T06:40:46","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=258736"},"modified":"2022-09-19T07:16:47","modified_gmt":"2022-09-19T07:16:47","slug":"experts-warn-energy-crisis-could-lead-to-permanent-deindustrialisation-of-europe","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=258736","title":{"rendered":"Experts Warn Energy Crisis Could Lead to \u2018Permanent Deindustrialisation\u2019 of Europe"},"content":{"rendered":"

Peter Caddle \u2013 Breibart.com Sept 16, 2022<\/strong><\/h1>\n

Heavy industry experts have warned the European Commission that the EU faces the danger of \u201cpermanent deindustrialisation\u201d should Brussels not act now to save the sector.<\/p>\n

Senior players within the heavy industry sectors are warning that the European Union is now in danger of \u201cpermanent deindustrialisation\u201d if action is not taken to alleviate pressure on businesses from the ongoing energy crisis.<\/p>\n

The warning comes after a survey in the United Kingdom revealed that up to six in ten<\/a> factories currently operating in the country could be forced to close over surging costs, with many having seen their energy bills rise by 100 per cent or more.<\/p>\n

In a letter<\/a> published by non-ferrous metals industry group Eurometaux, industry leaders warned that the EU\u2019s heavy industry is also in grave danger.<\/p>\n

\u201cWe are deeply concerned that the winter ahead could deliver a decisive blow to many of our operations, and we call on EU and Member State leaders to take emergency action to preserve their strategic electricity-intensive industries and prevent permanent job losses,\u201d reads the document, which was sent to President of the European Commission Ursula von der Leyen, European Parliament President Roberta Metsola, and European Council President Charles Michel.<\/p>\n

\u201cProducers face electricity and gas costs over ten times higher than last year, far exceeding the sales price for their products,\u201d it continued. \u201cWe know from experience that once a plant is closed it very often becomes a permanent situation, as re-opening implies significant uncertainty and cost.\u201d<\/p>\n

\u201cWe are deeply concerned that Europe faces a critical situation for the foreseeable future, with a perfect storm of sky-high electricity prices, no energy market liquidity due to insecure gas supplies, a continued nuclear and coal-phase out, and the remaining power sources being insufficient to cover market needs,\u201d the document adds, ultimately warning of a\u00a0\u201cpermanent deindustrialisation\u201d of the EU.<\/p>\n

\n

Energy Bills Could See Up to Six in Ten UK Factories Forced to Closehttps:\/\/t.co\/EtWHhUWXRu<\/a><\/p>\n

— Breitbart London (@BreitbartLondon) September 8, 2022<\/a><\/p><\/blockquote>\n