Thursday, July 9, 2020

Total CEO: Britain Must Stick by Brexit Mistake

September 3, 2019

Total CEO Patrick Pouyanne speaks at Offshore Europe in Aberdeen (Photo: Eric Haun

The chief executive of French oil major Total believes that Britain should stick by its decision to leave the European Union even though he thinks it is a fundamental mistake that could be a real issue for the UK economy

"It's a choice. It's democracy, we have to respect it. (But) I think it's a fundamental mistake," Total CEO Patrick Pouyanne told an industry conference in Aberdeen, Scotland, on Tuesday.

"Everything that is an export activity will face taxation. That could be a real issue for the UK economy, not for Total," he added, pointing to refining and car parts.

(Reporting by Shadia Nasralla; Editing by David Goodman)

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