Paris (France) (AFP) – The chairman of the board of directors of Engie deplored on Wednesday “political and legal frameworks which have become uncertain over the course of this year”, particularly in the United States, where the government has just abandoned two major wind projects involving the company.

Published on: 04/29/2026 - 4:03 p.m.

Among the elements of "instability" facing Engie, "perhaps the one that surprised us the most: political and legal frameworks which have become uncertain over the course of this year", declared Jean-Pierre Clamadieu during the group's general meeting, after citing the war in the Middle East and customs duties.

“I am of course thinking of countries like the United States where suddenly we noticed that a certain number of facts which seemed to us to fall under the rule of law, I was going to say a certain number of obvious facts, could be called into question by sudden changes (sic) in the position of the administration,” he detailed.

“This is an element which, again, complicates our activities. And elements which we must take into account when we make investment decisions”, added the chairman of the board of directors of the French energy giant.

A very recent illustration of its remarks, the American Department of the Interior announced on Monday the abandonment of two large offshore wind projects involving Engie, Bluepoint Wind, planned off the coasts of New Jersey and New York, and Golden State Wind, off the Californian coast. The American government is openly opposed to the development of new offshore wind capacity in the United States.

Jean-Pierre Clamadieu, citing the elements of instability facing Engie, had previously mentioned the war in the Middle East, which is causing “geopolitical instability, with very significant impacts”.

But also trade wars: "we hear the leaders of a certain number of countries express their ambitions, their fears and this translates into very concrete decisions. I am thinking in particular of customs duties."

“Over the course of 2025, we have seen instability or volatility in these customs duty issues, which creates many difficulties for companies operating in this context,” he added.

© 2026 AFP

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