- French TotalEnergies plans to spin off its oil sands business in Canada and list the new company on the stock exchange as it no longer fits with its strategy, which now has a focus on low-carbon energy, the company said at an investor presentation.
- The French supermajor recently issued an update on its strategy for the future, noting how its focus on low-cost oil and gas projects and a strong expansion of its LNG operations have put the company in a favorable position in the current energy market context.
- Yet a lot of TotalEnergies’ plans for the future have to do with electricity and more specifically renewable electricity.
TotalEnergies To Spin Off Canadian Oil Assets As It Prioritizes Climate Strategy
