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Photo: Ting Shen/Bloomberg via Getty Images

National security adviser Jake Sullivan said Thursday that the U.S. will work with Europe to ensure that energy supply keeps up with rising demand, according to Politico.

Why it matters: Energy prices have climbed around the world due to extreme weather, rising demand and supply constraints. The costs have impacted the economic recovery from COVID-19.

  • "We'd like to be aligned with Europe in this strong proposition that we want to see sufficient supply to keep up with recovering demand," Sullivan said, per Politico.
  • "A lot of this will have to get worked out to close coordination among energy consumers, which we are engaged in and through detailed, diplomatic engagement with energy producers, which we are also engaged in," he said.

What they're saying: European Commission president Ursula von der Leyen said on Wednesday that the issue of high energy prices was serious, while Sullivan added he was concerned the supply was not keeping up with recovery demands.

  • "We have a fundamental interest in seeing global energy supplies — and both gas and oil — at sufficient levels to support a global economic recovery and not to stall it out," Sullivan said.
  • Von der Leyen also stressed the importance of investing in renewable energy to avoid future price spikes, according to Reuters.
  • "The gas prices are skyrocketing," von der Leyen said, "But the renewables, the prices have decreased over the last years and are stable."
  • "It's very clear that with energy in the long term, it is important to invest in renewables that gives us stable prices and more independence because 90% of the gas is imported to the European Union," she said.

Go deeper

Oct 26, 2021 - Politics & Policy

Scoop: Biden plan expected to include at least $500B for climate

Photo: Stephanie Keith/Bloomberg via Getty Images

The White House is privately telling lawmakers the climate portion of President Biden's roughly $2 trillion social spending plan is "mostly settled" and will likely cost more than $500 billion, two sources familiar with the talks tell Axios.

Why it matters: A price tag of $500 billion to $555 billion is a huge number and, if it holds, would likely be the single biggest component of the sweeping package. It also isn't far off from the roughly $600 billion proposed when the bill was expected to cost $3.5 trillion.

Dan Primack, author of Pro Rata
15 mins ago - Economy & Business

Filings show Sweetgreen isn't profitable, despite claims

Illustration: Sarah Grillo/Axios

Restaurant chain Sweetgreen on Monday filed to go public, and revealed that it lost money in each year since 2014.

Why it matters: The company lied when it repeatedly told reporters it was profitable.

U.S. border cities again see low violent crime rates

Expand chart
Data: FBI, Kansas Bureau of Investigation, U.S. Census Bureau; Chart: Jared Whalen/Axios

Reported violent crime in the United States rose in 2020 for the first time in four years, but violent crime rates in 11 of the largest communities along the U.S.-Mexico border stayed below the national average, an Axios analysis found. 

Why it matters: Year after year, data showing low violent crime rates in majority-Mexican American and Mexican immigrant border communities dispels myths of the U.S.-Mexico border as a region filled with crime and chaos.