France’s Breton Urges Nuclear Energy Investment as Oil Rises

French Finance Minister Thierry Breton urged the U.S. and other leading oil-consuming nations to invest in nuclear and other alternative energies, and criticized countries that subsidize oil consumption or don’t tax it enough.

“We must reduce oil subsidies where they exist, encourage through taxation a development model which is more respectful of fossil resources,” Breton said today in a speech before the International Monetary and Financial Committee of the International Monetary Fund in Washington. “Developing alternative energies, nuclear energy in particular,” is essential to prepare for “post-oil” times, he said.

Bloomberg