France and Europe scramble to find other energy sources to reduce dependence on Russian oil and gas
France plans to nationalise the indebted French electricity firm EDF amid a broad energy crisis aggravated by Russia’s invasion of Ukraine, the French prime minister, Elisabeth Borne, has said.
The French state now holds an 84% stake in the company, one of the world’s biggest electricity producers. Shares in EDF, which has endured a series of nuclear reactor shutdowns and other problems recently, jumped on the news.
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