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Macron Says US Climate Legislation Is ‘Not Friendly’

  • French president targets ‘massive state aid schemes’
  • Europe concerned at impact of renewable energy incentives
Emmanuel Macron speaks at the COP27 climate conference in Sharm El-Sheikh, Egypt, on Nov. 7.

Emmanuel Macron speaks at the COP27 climate conference in Sharm El-Sheikh, Egypt, on Nov. 7.

Photographer: Islam Safwat/Bloomberg
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French President Emmanuel Macron branded “not friendly” a key piece of US legislation that has triggered concerns in Europe over the impact of billions of dollars in incentives for renewable energy companies.

Macron made his remark in front of about 50 business leaders representing some of France’s most polluting companies, including cement maker Vicat SA, steel maker ArcelorMittal SA, and energy giants TotalEnergies SE and Exxon Mobil Corp.