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What it is

Proposal to nationalize Repsol and turn it into a green public company

Admitted step 2 of 7 · Unfinished

It is a members’ bill. Introduced by parliamentary groups, the Senate, regional governments or citizens. It was introduced on 17 February 2026. Introduced by: Grupo Parlamentario Mixto.

Official title: Private member's bill on the nationalization of Repsol and its conversion into a public company serving a green and just energy transition.

Follow this law

Source: Congreso de los Diputados, file 122/000258· updated 11 Nov

Automatic summary, not yet reviewed

  1. The bill, introduced by the Mixed Group in the Congress of Deputies (Congreso de los Diputados), wants the State to buy Repsol through SEPI Sociedad Española de Participaciones Industriales, the public company that manages the Spanish State's stakes in other companies.: first at least 25% of the shares, and at least 51% before October 29, 2026 to take control of the company.
  2. It declares the nationalization a decision of public utility, based on the general interest of protecting a safe climate.
  3. It bans Repsol from exploring or exploiting new fossil fuel deposits until 2030 and forces it to leave major projects such as Marcellus Shale (United States) or El Sharara (Libya).
  4. It requires a new 2026-2030 strategic plan aligned with the Paris Agreement, with at least a 75% cut in hydrocarbon production and refining before 2030, and a goal of a 100% renewable company by 2050.
  5. It creates a permanent scientific advisory board, with at least eight experts in climate and green industrial conversion, which must approve the company's plans before they go to the shareholders' meeting.
  6. From January 1, 2027, Repsol would pay the cost of 100% of its emissions, with no free emission allowances, and its companies in tax havens would have to move to Spain or transparent tax jurisdictions. Current jobs would be guaranteed at least until January 1, 2031.

Who it affects

  • Repsol and its shareholders: The State would take control of the company and its fossil fuel activity would be limited.
  • Repsol's current workers: Their current contracts would be guaranteed at least until January 1, 2031.
  • The Government and SEPI: They would have to buy the shares, appoint the new management and oversee the process.
  • Public administrations and technical staff: The Repsol Foundation would be redirected to train them on the climate crisis and energy transition.

Words worth knowing

Nacionalización (nationalization)
Transferring a private company to State ownership or control.
SEPI
Sociedad Española de Participaciones Industriales, the public company that manages the Spanish State's stakes in other companies.
Moratoria (moratorium)
A temporary ban on doing something, here exploring for and extracting fossil fuels.
Paraíso fiscal (tax haven)
A country or territory with very low taxes and little transparency, used to pay less tax.
Presupuesto de carbono (carbon budget)
The maximum amount of greenhouse gases that can be emitted without exceeding a given temperature rise.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries

Where it stands

How far did it get?

It took 2 of 7 steps. It reached Admitted, and today it is unfinished.

  1. Introduced17 February 2026Someone registers the text in the Congreso.
  2. Admitted24 February 2026The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
  3. Amendmentsnot reachedGroups propose changes.
  4. Committeenot reachedA committee goes through the text in detail.
  5. Plenarynot reachedAll 350 deputies vote.
  6. Senatenot reachedThe Senate can pass it, amend it or veto it.
  7. BOEnot reachedIt is published in the Official State Gazette (BOE) and comes into force.
See the 6 official steps on a timeline
Mar 2026Jun 2026Sept 202611. 17 February 2026: Presentación22. 24 February 2026: Boletín Oficial de las Cortes Generales Publicación desde 24/02/2026 hasta 27/02/202633. 24 February 2026: Calificación44. 27 February 2026: Gobierno Contestación desde 27/02/2026 hasta 08/04/202655. 8 April 2026: Pleno Toma en consideración desde 08/04/2026 hasta 06/10/202666. 6 October 2026: Concluido - (Caducado) desde 06/10/2026 hasta 04/11/2026

Was there a plenary vote?

We have no plenary vote linked to this law in the Congreso’s data.

What happens next

What happens now?

The legislature ended before it finished. To go on, someone would have to introduce it again in the new Cortes.

It has not been presented again yet.

Sources

Where does all this come from?

  • The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
  • Each deputy’s province is the one of their seat on the day of the vote.
  • We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.

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