Not really a blog post, but too long for a Tweet: At a briefing in the Strasbourg parliament yesterday, we heard that German chemicals business BASF was halving its investment plans for the EU, while planning major expansion elsewhere, including Asia. This FT link confirms the general direction, without standing up the precise figures: http://www.ft.com/cms/s/0/c0c9b448-9e2c-11e3-95fe-00144feab7de.html
We also heard that INEOS, another chemicals major, which owns the Grangemouth facility in Scotland, has seen profits halve in Europe, while they have tripled in the USA.
And the linking theme? EU climate and energy policy, leading to hopelessly uncompetitive energy prices in Europe. They set out to save the planet, but all they’re doing is destroying the economy.