Engie CEO Warns Against National Rally's Energy Proposals

Catherine MacGregor, CEO of Engie SA, has issued a stark warning regarding the energy policies proposed by Marine Le Pen’s far-right National Rally party. Speaking to the French business journalists’ association (AJEF) in Paris, MacGregor stated that the party's vision for energy markets would be detrimental to the French Republic. The criticism comes as France prepares for next year's presidential election, highlighting a growing tension between the business community and the National Rally's proposed shift away from current energy frameworks. MacGregor emphasized that the ideas advocated by the party are not in the best interest of the country. Specifically, MacGregor targeted the proposal to dismantle the independent energy regulator and scrap renewable energy initiatives. She argued that removing the regulator—especially when project approvals are heavily dependent on government decisions—would create an unstable and risky environment for utility companies. For a company like Engie, which operates on large-scale infrastructure and requires long-term regulatory certainty, such a shift could jeopardize investment and operational stability. The CEO's comments signal a potential clash between corporate interests and the far-right's energy agenda as the political landscape evolves.