European power firms sound alarm over energy policy

Conferences

French group GDF Suez led an attack by eight leading European power companies on EU energy policy on Tuesday, saying it had “failed” and was destroying parts of the sector, AFP reported. In what he described as a “solemn appeal”, the chief executive of GDF Suez Gerard Mestrallet told the Le Monde daily in an interview that European leaders had to wake up to the fact that “the energy policy which has been followed until now is a failure,” adding that Europe is in the process of destroying part of its energy industry. “It is urgent to redefine this policy, the ambitions and the means”, he said. His appeal was supported notably by German energy groups E.ON and RWE, ENI of Italy, and Iberdrola and GasNatural Fenosa in Spain.

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.