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EU Commission Gambles on Fossil Fuel Exports Amid Methane Rules Dispute
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EU Commission Gambles on Fossil Fuel Exports Amid Methane Rules Dispute

The European Commission is betting that fossil fuel companies will continue exporting to Europe despite new methane emission rules, offering a three-year grace period for penalties. Industry warns of supply diversion, but the Commission believes high profits and new guidelines will ensure compliance, amidst rising energy prices from the Strait of Hormuz closure.

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