• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 8 hours Its going to be an oil bloodbath
  • 2 hours Marine based energy generation
  • 1 hour Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 4 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 7 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 16 hours Cpt Lauren Dowsett
  • 15 hours The Most Annoying Person You Have Encountered During Lockdown
  • 17 hours Which producers will shut in first?
  • 1 day CDC covid19 coverup?
  • 1 day How to Create a Pandemic
  • 12 hours Trafigura CEO Weir says, "We will see 30% to 35% drop in demand". That amounts to 35mm bbls/day glut ! OPEC+ 10 mm cut won't fix it. It's a DEMAND problem.
  • 6 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 17 hours Washington doctor removed from his post, over covid

Breaking News:

IEA: OPEC Can’t Save The Oil Market

Could Oil Really Fall To $0?

Could Oil Really Fall To $0?

More bad news for the…

Demand Destruction Will Decimate Oil Prices

Demand Destruction Will Decimate Oil Prices

The long-term ramifications of the…

French Environment Minister Removed from Post after Suspending Drilling Permits

French Environment Minister Removed from Post after Suspending Drilling Permits

Some of Europe’s largest oil producers, including Shell and Total, were given permission to begin drilling at four different sites around the coast of French Guiana in South America; however these plans were thrown into doubt at the beginning of June when Nicole Bricq, the newly appointed French environment minister, announced that she was suspending all drilling permits because in their current form they do not take “into account environmental problems.”

Francios Hollande’s new socialist government wanted to revise the outdated French mining code, which governs drilling issues, because it barely considers the environment.

The move was a surprise to the oil companies and received many angry responses.

Unfortunately, in a move that could be considered as a sign of weakness from the newly elected leader, Nicole Bricq has been removed from her post and given the job of minister for foreign trade, whilst the government backtracked on plans to suspend the permits, once again allowing drilling projects in Guiana to proceed.

Le Monde, the French national newspaper, led a front page story questioning the environmental commitment of Hollande, and the leader of the French Green Party (EELV), Pascal Durand, commented that if Bricq “really left because of the exploration in Guiana. If it's the case, it's very serious.” He is worried that it could prove to be “a very bad signal” from the government to the environmental community “and society as a whole”.

Cécile Duflot, the former Green party leader, is now one of Hollandes green ministers and has stated that Bricq does not see her job change as a result of pressure from oil companies, but rather a promotion to a better position. Duflot does not believe there is any link between the suspension of the permits and Bricqs change of job.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage




Leave a comment
  • Coco Paz on June 26 2012 said:
    Will be interesting to follow the "greening" of the new government.

    Je parle français, un peu. Y a-t-il quelqu'un qui parle français?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News