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​Government guarantee for French Petroleum Institute not state aid, EU court rules

( May 26, 2016, 08:25 GMT | Official Statement) -- MLex Summary: EU judges have annulled a European Commission finding that government support for the French Petroleum Institute represented state aid. The EU’s General Court in Luxembourg today ruled that the commission failed to show that the fossil-fuel company received an actual economic advantage from the support, which stemmed from an unlimited government guarantee for activities since 2006.Full statement follows. The judgment is attached....

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