{"id":521939,"date":"2022-09-15T09:31:30","date_gmt":"2022-09-15T04:01:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=521939"},"modified":"2022-09-15T09:57:39","modified_gmt":"2022-09-15T04:27:39","slug":"eu-looks-to-raise-140-billion-with-windfall-swoop-on-energy-firms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/eu-looks-to-raise-140-billion-with-windfall-swoop-on-energy-firms\/","title":{"rendered":"EU looks to raise $140 billion with windfall swoop on energy firms"},"content":{"rendered":"<p>A top European Union official unveiled a plan on Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia&#8217;s war in Ukraine and climate change, saying the proposal could raise $140 billion to help people hit by spiraling energy prices. <\/p>\n<p>It&#8217;s one of several proposals aimed at containing an energy crisis in Europe that could lead to rolling blackouts, shuttered factories and a deep recession this winter. Others include slashing energy use and reforming the electricity market, which all need approval by the 27 EU countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top European Union official unveiled a plan on Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia&#8217;s war in Ukraine and climate change, saying the proposal could raise $140 billion to help people hit by spiraling energy prices. It&#8217;s one of several proposals aimed at containing an energy crisis in Europe that could lead to rolling blackouts, shuttered factories and a deep recession this winter. Others include slashing energy use and reforming the electricity market, which all need approval by the 27 EU countries.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-521939","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=521939"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521939\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=521939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=521939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=521939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}