Total SA To Stop Supplying Fuel Oil For Power Generation -- Market Talk
May 05 2020 - 12:54PM
Dow Jones News
16:24 GMT - France's Total SA says it will stop selling fuel oil
for electricity in five years as part of its plans to improve its
environmental credentials and influence the customers it sells
products to. "We have decided, to influence the demand, that we
will not sell any more fuel oil to power generation worldwide from
2025, so we'll give five years to our customers to find alternative
solutions," says chief executive Patrick Pouyanne. Speaking on a
call with analysts, Pouyanne says the company aims to be carbon
neutral in Europe by 2050. (sarah.mcfarlane@wsj.com)
(END) Dow Jones Newswires
May 05, 2020 12:39 ET (16:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
TOTAL (NYSE:TOT)
Historical Stock Chart
From Aug 2024 to Sep 2024
TOTAL (NYSE:TOT)
Historical Stock Chart
From Sep 2023 to Sep 2024