French government plans to fully nationalize EDF

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Currently, the Executive controls 83.88% of the power company’s capital. “We will be the first major ecological nation to come out of fossil fuels,” said French Prime Minister Élisabeth Borne.

Euskaraz irakurri: Frantziako Gobernuak EDF konpainia guztiz naziionalizatzeko asmoa du

The French government plans to acquire 100% of the share capital of the electricity company EDF, as confirmed by the French Prime Minister, Elizabeth Borneduring a speech in the National Assembly.

“I confirm today that the state intends to control 100% of EDF’s capital,” Borne said, setting out the priorities of the government, which currently controls 83.88% of the electricity company’s capital.

During his re-election campaign last March, French President Emmanuel Macron had championed the company’s nationalization to bolster French energy independence and its zero-emission ambition through the construction of new nuclear power plants

“We will be the first major ecological nation to come from fossil fuels,” confirmed the French Prime Minister, for whom the… climate emergency It requires strong and radical decisions.

“We need to have full control over production and over our energy future,” Borne added, stressing that the pandemic has demonstrated an excessive reliance on foreign industries. “We can no longer depend on Russian oil and gas,” he added.

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Source: EITB

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