European Ennui
It looks like, after the huge push in the EU, political posturing and the fear of a possible recession are causing a lot of Europe to pull out of energy investments. After the Fukushima disaster Germany’s knee-jerk political response caused them to push for a nuclear plant shut-down which left the nation reeling. Similarly, the UK, in recession fear, capped energy costs and froze a lot of programs. Read more here: Politics and Recession Fears Hurt European Energy Investment
