European Firms on Verge of Bankruptcy as Energy Crisis Deepens

Government bailouts add new twist to energy chaos that's making life hard for Europeans

The Industrial Park of Hoechst in Frankfurt, Germany, on June 23, 2022. Germany is in the process of activating an emergency plan for natural gas supplies to ward off a crisis this coming winter. Michael Probst/AP Photo

The energy crisis unfolding in Europe is starting to weigh on a growing number of the continent’s oil, gas, and utility companies.

Uniper, Germany’s struggling natural gas utility giant, recently filed a bailout application to the government after facing significant financial challenges, according to Finnish majority owner Fortum.