Tuesday, October 21, 2014

Europe Has No Foreign Policy, but Total Does

Christophe de Margerie, the CEO of the oil company Total, was killed yesterday when his airplane struck a snowplow on a Moscow runway, The accident throws an interesting light on Western threats to impose sanctions on Russia. Le Monde reveals that Margerie was in Moscow to discuss Total's investments. The firm's "ambition is to make Russia its primary zone of hydrocarbon production by 2020. Total is counting on Russia in order to compensate for decreased output in the North Sea."

The EU may not have a foreign policy, but Total does.