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European energy policy a failure, says GDF Suez CEO

GDF Suez’s Mestrallet hits out in speech to WEC 2013

European energy policies are a “failure” which have resulted in increased carbon dioxide (CO2) emissions, reduced energy security and high prices, according to the head of one of Europe’s biggest energy companies. Gérard Mestrallet, chief executive of French company GDF Suez, said that this failure was compounded by the hesitancy of governments in pursuing shale oil and gas opportunities which could alleviate some of Europe’s economic problems. Speaking at the session, Shale Gas and Oil: Is it Just a Bubble? yesterday, Mestrallet hailed the US’ shale-gas experience and the profound effect it was having on its economy. “The phenomenon has effected the whole economy by boosting the US’ globa

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