Energy

Total CEO says going green ‘will have a cost for everybody’

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Patrick Pouyanne, chief executive officer of Total SA, speaks during the Europlace Infraweek conference at the French Finance Ministry in Paris, France, on Monday, Oct. 5, 2020.

Nathan Laine | Bloomberg | Getty Images

LONDON — The chief executive of French oil major Total called on governments to explain the cost of carbon neutrality pledges, urging policymakers to make the “affordability” of an energy transition clear to everybody.

His comments come at a time when the global oil and gas industry is under immense pressure to pivot away from the burning of fossil fuels, amid deep concern about the effects of the climate emergency.

The United Nations has recognized the climate crisis as the…



Source cnbc.com

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