Total Looks To Stop Selling Fuel Oil To Power Plants

OilPrice.com | Feb 14, 2020 at 4:00 PM
  • Supermajor Total wants to stop selling fuel oil—one of the most carbon-intensive refinery products—for power generation in order to reduce its carbon footprint, the company’s chief executive Patrick Pouyanné told Reuters in an interview published on Friday.
  • This is the latest attempt from an oil and gas major to cut its carbon footprint as the French company aims to be known as an energy company rather than oil and gas major.
  • Reducing the carbon footprint fits in Total’s ambition to reduce the carbon intensity of the energy products it makes available to customers by 15 percent between 2015 — the date of the Paris Agreement — and 2030.