France will build a second European Pressurised Water Reactor (EPR), said President Sarkozy pledging a "new industrial revolution.” “The era of inexpensive oil is over. Every EPR saves every year 2 billion m3 of gas when it replaces a gas-fired power plant and eleven billion tonnes of CO2 when it replaces a coal-fired power plant. Nuclear power is more than ever an industry of the future and an essential form of energy." President Nicolas Sarkozy, on 3 July, at the Industeel plant in Le Creusot in the Burgundy region