Europe Needs Energy Rethink to Keep Pace With Rivals Amid AI Race -- Market Talk

Dow Jones

06/10

1104 GMT - Europe has an opportunity to rethink how it builds its energy system for the future after wars in Ukraine and the Middle East exposed its vulnerability to imported energy, Shell Chief Executive Wael Sawan says at the WSJ Leadership Institute CEO Summit. Europe suffers from higher electricity prices than the U.S. and China, which will hamper its ability to attract data centers, he says. The key challenge for Europe is how to build its energy system so it can keep pace in the AI race and avoid the deindustrialization of parts of its economy, Sawan adds. Shell shares trade flat at 3,180 pence.(adam.whittaker@wsj.com)

(END) Dow Jones Newswires

June 10, 2026 07:06 ET (11:06 GMT)

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