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Total must maintain Myanmar output to protect workers, CEO Says


Total must maintain Myanmar output to protect workers, CEO Says
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. Updated: 04 Apr 2021, 10:26 PM IST Bloomberg
Stopping gas production in protest against political developments would expose workers to a terrible situation, CEO Patrick Pouyanne said
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French oil major Total SE must continue to produce gas in Myanmar and pay taxes to the military junta to protect staff from forced labor and maintain electricity supplies, Chief Executive Patrick Pouyanne said in an op-ed in Le Journal du Dimanche newspaper.
Amid calls not to provide funds to the military, which ousted Myanmar’s parliament on Feb. 1, Total is scrapping plans to develop gas off the west coast and halting its gas well drilling campaign, Pouyanne said. He added that Total would donate the equivalent of the taxes owed to human rights associations. ....

Patrick Pouyanne , Total Se , Military Cou , Myanmar Protests , மொத்தம் சே , இராணுவம் கூ ,

Total's acquisition of AGEL stake strengthens its position in low-carbon generation: Moody's


Focus on renewable electricity generation is one of the key aspects of Total s carbon transition strategy.
Total s acquisition of AGEL stake strengthens its position in low-carbon generation: Moody s
ANI |
Updated: Jan 25, 2021 12:05 IST
Frankfurt [Germany], January 25 (ANI): Total SE s acquisitions of 20 per cent minority interest in Adani Green Energy Ltd (AGEL) from Adani Group for around 2.5 billion dollars is credit positive because it strengthens Total s position in the low carbon business, according to Moody s Investors Service.
This includes prior acquisition of a 50 per cent stake in a 2.35 GWac portfolio of operating solar assets owned by AGEL.
We consider the acquisition credit positive because it strengthens Total s position in the low carbon business, facilitating its goal to achieve carbon neutrality by 2050, said Moody s in its latest credit outlook released on Monday. ....

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Time For Another Oil Giant to Lead: Total Downgraded at Cowen


By
Barbara Kollmeyer
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A general view of a Total petrol station in Kampala, Uganda, on Jan. 28, 2020.
AFP via Getty Images
They say it’s lonely at the top.
For France’s Total, years of dominance on the oil patch are over, say analysts at Cowen, who downgraded the company to market perform from outperform in a note to clients on Tuesday. Jason Gabelman and George Kuhle say they continue to like Total’s strategy, but it faces a tougher two years ahead.
“TOT is trading at an elevated premium versus peers while we expect its balance sheet advantage to shrink to in-line with peers. Production growth will slow after leading the group while nonproductive capex rises,” says the pair. ....

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How U.S. Research Damning Electric Cars is Funded by Saudi Oil Interests


By
Matt Smith
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U.S. Department of Energy, Oak Ridge National Laboratory
Hidden in the hardwood forests of eastern Tennessee is a glass-and-steel American Wakanda of impulsed neutron beams, supercomputers, and atom probe microscopes. Here, at the U.S. Department of Energy’s Oak Ridge National Laboratory, Enrico Fermi and fellow scientists raced to develop the neutron bomb, and subsequent generations worked on the world’s-fastest computers, helped develop nuclear submarines and advanced spacecraft, analyzed greenhouse gas emissions, and made world-changing discoveries such as ribonucleic acid and the role of the Y chromosome.
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How U.S. Research Damning Electric Cars Is Funded by Saudi Oil Interests ....

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