France urges Total to accelerate its investments in renewable energies

“Total is investing in renewable energies, but the challenge is to go faster, stronger and above all faster,” said the minister.

The company already has a strategy in place to reduce carbon emissions and sold its oil sands operations in Canada to Suncor Energy for $4.1 billion as part of that strategy.

It should be noted that “Total Energies” had made a net profit in the first quarter of 2023 amounting to 5.6 billion dollars, an increase of 12%, despite the drop in oil and gas prices.

In the first quarter of last year, the giant French group recorded a net profit of $4.9 billion, but taking into account the significant reserves, following a decrease in assets of $4.1 billion. dollars because of the sanctions imposed on Russia.

In 2022, the French group recorded the highest profits in its history, amounting to 20.5 billion dollars, taking advantage of the rise in gas and oil prices in the wake of the Ukrainian crisis.

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