After 90 years, German bakery to close as energy costs soar

[Yo_Mama_Been_Loggin]

COLOGNE, Germany (AP) — For 90 years, Engelbert Schlechtrimen's family has been baking wheat rolls, rye bread and chocolate cakes in this western German city. Next month, they will turn off the ovens for good, because they can no longer afford rising energy prices resulting from Russia's war in Ukraine.

Schlechtrimen's grandparents founded the bakery in Cologne before World War II. The 58-year-old took over the business 28 years ago from his father and turned it into an organic store that uses traditional recipes and bans chemical additives in the bakehouse.

Still, even these innovations won't save him from closing down the family business — consisting of a bakery and two stores that employ 35 people — after almost a century. It's one victim of a European energy crisis driven by Russia's cutbacks of natural gas, used to heat homes, generate electricity and power factories.

The resulting hikes in energy and power prices have squeezed businesses already struggling with a rise in other costs as inflation rises.

https://www.msn.com/en-us/money/markets/after-90-years-german-bakery-to-close-as-energy-costs-soar/ar-AA129v4f

[riversedge]

1. The Goverment of Germany and other countries will have make massive investments in

renewables. I speak of the US also.