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Macron asks EU Commission to ease fuel and methane rules amid energy costs
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Macron asks EU Commission to ease fuel and methane rules amid energy costs

French President Emmanuel Macron has asked EU Commission head Ursula von der Leyen for a one-year postponement of new rules imposing penalties on oil and gas companies for failing to report methane emissions, and for relaxation of fuel composition standards. Gas prices are more than twice as high as before the U.S. and Israeli bombardment of Iran in February, which led to closure of the Strait of Hormuz and sharp increases in oil prices. Fearing social unrest and lacking fiscal space to cut domestic fuel taxes, Macron is seeking EU support.

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