As the Russia-Ukraine crisis worsens , countries in Europe are feeling the effects of the energy shortage following cut-offs between the continent and Russia .

As a result , coal plants are being reopened to ease the potential of an energy shortage and cap the rise in costs for consumers and businesses as they experience unseen price rises in gas and electricity .

It remains unclear as to how long coal facilities will remain open , with the UK proposing to burn fossil fuels over winter , but the damage to the environment is inevitable .

While Russian supply only accounts for around 4 % of UK gas , it ’ s fair to say that that energy is one of the most volatile commodities and a small percentage loss can cause havoc with prices across the globe .

� RIVIAN AUTOMOTIVE On 27th June 2022 , Rivian announced the beginning of its fastcharging applications in Colorado California , marking a new EV venture for the organisation .

� POLESTAR The Swedish pureplay EV manufacturer is owned by Volvo and announced its listing on the NASDAQ with a fullblown celebration as it rings the bell in the US .

� EUROPE Countries across Europe , including Germany , Austria and the UK are forced to reopen coal power stations to prevent an energy shortage — a result of the cut-off from Russia .

� TESLA 15 Black employees from its factory in California , former and current , hold Tesla to account as it is subject to another racial discrimination lawsuit .

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