“We cannot give up fossil fuels”

It has been clear for decades that oil and gas companies like the French company TotalEnergies have to play a crucial role in Europe in order to reduce greenhouse gas emissions. If they don’t reduce their production, it will be impossible to stop global warming. Nevertheless, TotalEnergies is not only strengthening the business with low-emission energy sources, but also the business with oil and gas. “It’s not an either/or question,” says Pouyanne. A change cannot be guaranteed so quickly, which is why investments continue to be made in both divisions.