Total CEO Says World Must Adapt to Warming as Oil Thirst Lingers [BNN Bloomberg (Canada)]
TotalEnergies SE (TTE)
Company Research
Source: BNN Bloomberg
The warning from the outspoken 60-year-old Frenchman carries some weight, as under his leadership TotalEnergies is investing $5 billion a year into low-carbon fuels and renewables, while remaining a major supplier of oil and gas. The fact is that “it will take time” to build a clean global energy system that can satisfy the demands of a growing population, Pouyanne said. “The responsibility for political leaders is to work seriously now on adaptation” to higher temperatures, the CEO said in an interview at TotalEnergies' headquarters near Paris on Wednesday. “It doesn't mean that you should give up” on the Paris climate targets, but policymakers must face reality, he said. Time is running out to keep the increase in global temperatures over pre-industrial levels to below 1.5C — the target set at 2015 intergovernmental talks in the French capital. Warming was already at that level in 2023 as the planet baked in the hottest year on record. World oil consumption rose above 100 milli
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TTE
Earnings
- 4/26/24 - Beat
TTE
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form F-3ASR
- 4/26/24 - Form S-8
- TTE's page on the SEC website