Brussels’ vow to buy $750bn of American energy as part of a new US-EU trade deal will be impossible to meet and is based on “pie in the sky” numbers, experts have warned, even as producers said it could boost sales.
The deal, announced by President Donald Trump and European Commission president Ursula von der Leyen on Sunday, requires EU companies to buy $250bn worth of US oil, natural gas and nuclear technologies for each of the next three years.
Analysts were puzzled by a target that would involve decisions by shareholder-owned companies in a continent also trying to decarbonise its economy.
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