Meet the French oil major that balances growth and greenery
8 months, 2 weeks ago

Meet the French oil major that balances growth and greenery

The Economist  

“T EXAS IS AN El Dorado for us, an energy El Dorado,” declared Patrick Pouyanné, boss of TotalEnergies, last month at CERA Week, the energy industry’s annual shindig in Houston. He unveiled an expansion of the French supermajor’s shale holdings in the south of the state, a deal intended to bolster its position as the leading exporter of American liquefied natural gas. It had earlier bought three Texan gas-fired power plants and opened a new electricity-trading desk in Houston. Meanwhile in Brazoria, a windswept county an hour’s drive from the city, it has built a solar park capable of producing 380 megawatts of clean power, and of stashing some of the resulting joules in a bank of lithium-ion batteries made by Saft, its energy-storage arm.

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