Energy & Science
Oil Giant Total Targets Carbon Neutrality in 2050
- French major cuts production outlook, increases cost cuts
- Company keeps first-quarter dividend unchanged from year ago
This article is for subscribers only.
Total SA set out bolder commitments to eliminate most of its carbon emissions by 2050, while curbing spending on oil and gas projects due to the crude-price slump.
The French company’s commitment to invest more in clean energy, despite a sharp drop in profit as the coronavirus hammers fuel demand, illustrates the enduring pressure on oil giants from investors and society to tackle long-term environmental challenges.