‘Where’s the Beef?’: French President Macron Criticizes U.S. on Climate Change

MACRON: “This is my point. But the point is just we have to be sure when we regulate we should not over-regulate. And I think now we have to deliver, we need in Europe much more investment, we have to cut red tape, add more flexibility. But in parallel, everybody has to be serious. I saw a lot of funds, a lot of asset managers saying we are with you on climate change. Where is the beef? Are you sure you are sufficiently compliant? Are you sure you are clearly addressing the same issues? This is my point, and this is why we need the re-synchronization between the U.S. and Europe. The re-synchronization is number one, the U.S. regulation in terms of climate change should be more serious and realign on the European ones. Second, the Europeans have to invest much more and be more serious and realign themselves on the U.S.”