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Total wants to accelerate in gas and renewables

2020-09-30T19:11:46.431Z


Oil will soon no longer be the group's primary activity.Produce more energy, which will release less CO2. All while generating profits. This is the path that Total intends to take for the next few years, summed up its CEO Patrick Pouyanné during his presentation of the group's five-year outlook on Wednesday. "In the next decade, Total's energy production will increase by a third, from approximately 3 to 4 million barrels of oil equivalent per day ," th


Produce more energy, which will release less CO2.

All while generating profits.

This is the path that Total intends to take for the next few years, summed up its CEO Patrick Pouyanné during his presentation of the group's five-year outlook on Wednesday.

"In the next decade, Total's energy production will increase by a third, from approximately 3 to 4 million barrels of oil equivalent per day

," the company said in a statement.

Half of this growth will come from natural gas and half from electricity, mainly from renewables. ”

The French group, like its competitors BP or Shell, acknowledges that the group's growth will not come from black gold.

To read also:

Patrick Pouyanné: "Total knows how to cope in the storms"

At the same time, Total intends to reduce its CO2 emissions - at the start of the year it set itself the target of achieving carbon neutrality by 2050. But also of reducing those of its European customers by 30%. by 2030 -

"this is the first time that an oil major takes

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Source: lefigaro

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