Remember when Europe faced those “unprecedented risks” to its natural gas supply earlier this month? That was then. Now, the continent is basically swimming in it.

You can definitely call it a comeback: Nuclear power is back in vogue.

Canada-based Cameco and Brookfield Asset Management’s renewables division have buddied up to buy nuclear company Westinghouse Electric for US$7.9 billion amid a global frenzy to find climate-friendly alternatives to Russian energy, per The Wall Street Journal. 

OPEC+, the Saudi-led energy cartel that accounts for 40% of the world’s oil supply, will cut its collective output by an amount that roughly amounts to 2% of global output.

European energy executives are doing a little too well these days. 

That is, if you ask European Commission President Ursula von der Leyen, who wants to make them pay up as part of a plan to bring down electricity costs. 

After a brief dip last month, natural gas prices in Europe are surging (again) and sending inflation soaring across the region. 

According to the European Commission (EC), fixing prices could be an answer. 

G7 nations have agreed to impose a cap on the price of Russian oil imports, despite Russian threats to cut off cold turkey any country that tries to mess with its energy business.

Germany’s chancellor Olaf Scholz has touched down in Canada and is ready to make an energy deal that absolutely does not include Russia. 

The demand for natural gas has soared this year, but producers in Alberta have been unable to capitalize on higher prices (and are seeing billions lost in revenue). 

When Russia invaded Ukraine back in February, sanctions sounded like the right idea: Squeeze Russia’s economy until the fallout renders it unable to continue fighting the war.

But in reality, things have played out a little bit differently. 

Big battles over energy policy aren’t just for Western Canada anymore. Environmental groups are gearing up to fight plans to build new energy infrastructure on the East Coast that would export liquefied natural gas (LNG) from Canada to Europe.

What happened: Major environmental campaigners, including the Sierra Club and Greenpeace, launched the “StopTheGas” coalition last week to oppose LNG projects on the East Coast.