Christophe de Margerie

The energy transition demands a clear vision of the steps that need to be taken and a stable, meaningful regulatory framework. It appears important to us to awaken public opinion to the fact that this transition will necessarily come at a cost and will, at least in the short term, involve a price increase.

From a good lie in the middle of a fairway bunker, I'll make the same swing as I do from an average fairway lie. I'll dig my feet in slightly and keep my lower body stable so I won't slip, but I don't change my club selection or setup. It's only when the ball is sitting down in the sand that I'll make some modifications.

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.