Energy
Total Sticks to Renewables Plan Even as Support Wanes for the EU Green Deal
- CEO asks policymakers to shield EU industry from cheap rivals
- Green parties lost support in recent European parliament vote
TotalEnergies CEO Patrick Pouyanne
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
TotalEnergies SE will stick to its plan to grow in renewable power even after the results of European elections suggested that voters’ support for the bloc’s green policies was waning due to concerns over energy costs.
“We have a strategy and we’re sticking to it — energy is about the long term,” TotalEnergies Chief Executive Officer Patrick Pouyanne said at L’Automobile Club de France in Paris on Monday. “We’ll need more electricity, which is an energy that’s growing. While I’m not certain it will be the case over the medium to long term for oil and gas.”