Volume 91 Issue 49 | pp. 20-21
Issue Date: December 9, 2013

Power Struggle

BASF and other European firms could be hit with hundreds of millions of dollars in additional energy costs
Department: Business
Keywords: energy, Europe, gas, prices

Kurt W. Bock, BASF’s serious-looking chief executive officer, cracks a smile when chatting with journalists about the planned reunion of the 1970s English comedy outfit Monty Python and a reprisal of their sketch known as “The Ministry of Silly Walks.” But the stern look quickly returns when Bock begins discussing the rising cost of energy in Europe and a new threat from the European Commission (EC) to end major electricity cost breaks for chemical firms.

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