EU energy policy slated as industrial players take flight

Brussels must consider fundamental energy policy changes to prevent a mass exodus of industrial players, according to speakers at a conference held at London’s Chatham House on Monday.
By Tom Hoskyns 6 October 2014 0 13843

Brussels must consider fundamental energy policy changes to prevent a mass exodus of industrial players, according to speakers at a conference held at London’s Chatham House on Monday.

Rob Franklin, president of gas and power marketing at ExxonMobil, criticised EU energy policy implemented in recent years, which he noted favoured an overly interventionist approach by governments. 

“The most effective energy policies are the ones that are transparent, predictable and based on cost benefit analysis. Importantly, policies [should] allow market prices and open competition to determine the solutions,”...

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