- June 24, 2021
- Posted by: adminer
- Category: Natural Resources, Trade and Industry
TotalEnergies says its investments in Nigeria will tend more toward renewable sources of energy as the company moves to become one of the world’s top five in renewables by 2030.
Mrs Bunmi Popoola-Mordi, the Executive General Manager, Total Country Services, made the disclosure on Wednesday at a virtual news briefing.
Popoola-Mordi said Total had on May 28, 2021 transformed into TotalEnergies as an active player in the global energy transition and its commitment to combating climate change.
According to her, TotalEnergies is targeting to reduce its carbon emission by 40 per cent in 2030 with the goal of getting to zero carbon emission by 2050.
Popoola-Mordi said TotalEnergies would continue to invest on oil, natural gas, electricity, hydrogen, biomass, wind and solar.
She said the company would be investing about 60 billion dollars in renewable projects to be financed over 10 years.
Popoola-Mordi noted that Nigeria was very vital to TotalEnergies operations and would receive some parts of the funds to accelerate the energy transition.
She said as part of the transition, TotalEnergies would soon begin the rebranding of all its filling stations across the country to reflect the new name, logo and direction..