Total CEO doubles down on renewables


NEW YORK: TotalEnergies SE chief executive officer Patrick Pouyanne (pic) is bullish on pushing his company into renewable energy even as the Russian invasion of Ukraine shakes up the global energy market.

The French oil major is increasing spending on renewable energy and on reducing its emissions next year to 33% of annual capital expenditure, compared with 25% going into clean power this year, the company said Wednesday in a presentation.

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