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Oil Giant Total Pledges Renewable Power Push

Oil Giant Total Pledges Renewable Power Push

As Sarah McFarlane of the Wall Street Journal reports oil giant, Total is increasing its renewable power portfolio.

The C3 Take

  • Total is the newest oil company to announce plans toward investing more into renewable energy.
  • As demand for oil lessens, more companies will make the shift to renewables.

“The French company said Wednesday that it plans to spend $3 billion a year on renewables by 2030, about 20% of its annual investment budget and up from $2 billion this year.”

Read the full article here.

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