It is not always good to pocket billions as if it were raining.
TotalEnergies made 20.5 billion dollars (19.5 billion euros) in profits in 2022, immediately attracting a new shower of criticism.
“
Our motto is more energy and less CO2 emissions
,” insists Patrick Pouyanné, his boss.
Last year, the group invested 16.3 billion dollars, including 4 billion in new oil projects and as much for renewable energies (electricity, hydrogen, biogas, biofuel, etc.).
This year, the group's investment efforts will be between 16 billion and 18 billion, including 5 for renewable energies (EnR).
The rise in power will be gradual.
By the end of the decade, 15% to 20% of the company's revenues will come from renewables - mainly wind or photovoltaic electricity, 50% from natural gas and 30% from oil.
Against 44% for oil currently, 48% for…
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