Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Pics and Videos Buffet
The HARD TRUTH about EVs
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 17008639" data-attributes="member: 137766"><p><h3>He's basically saying Green Insanity is going to make company a LOT of money.</h3><h3></h3><h3>TotalEnergies CEO warns risk of governments underselling energy transition cost</h3><p>Feb. 12, 2024 2:38 PM ET<a href="https://seekingalpha.com/symbol/TTE?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATTE" target="_blank">TotalEnergies SE (TTE) Stock</a>By: <a href="https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">Carl Surran</a>, SA News Editor<a href="https://seekingalpha.com/news/4065717-totalenergies-ceo-warns-risk-of-governments-underselling-energy-transition-cost#comments" target="_blank">1 Comment</a></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1385197998/image_1385197998.jpg?io=getty-c-w750" alt="Exterior view of the headquarters of the oil company TotalEnergies, formerly known as Total" class="fr-fic fr-dii fr-draggable " style="" /></p><p>HJBC/iStock Editorial via Getty Images</p><p>TotalEnergies (NYSE:<a href="https://seekingalpha.com/symbol/TTE?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">TTE</a>) CEO Patrick Pouyanne warned in an interview Monday with the <em>Financial Times</em> that governments are under-selling the effects of the energy transition if they fail to acknowledge publicly that the shift would lead to higher energy costs.</p><p>Pouyanne said policymakers and politicians are "naive" to think they can reduce oil and gas production before securing sufficient reliable renewable energy resources to take its place, especially given continued growth in global energy demand.</p><p>"The pace of transition will not be the same everywhere," Pouyanne said, adding that African countries cannot be asked to avoid developing energy resources after "we have developed their resources for our own comfort for 20 years."</p><p>The CEO was adamant in the <a href="https://www.ft.com/content/5a76f345-5e28-4f72-9246-6569c4ffe3d9" target="_blank">interview</a> that TotalEnergies (<a href="https://seekingalpha.com/symbol/TTE?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">TTE</a>) would not invest in wind and solar projects just to reduce emissions, as he sees power as an increasingly profitable opportunity, believing the energy transition will result in permanently elevated electricity prices.</p><p>"I know that there is a theory which says renewables are cheaper, so it will be a lower price," Pouyanne told <em>FT</em>, but "we don't think so, because a system where you [have] more renewable intermittency is less efficient... so we think it's an interesting field to invest in."</p></blockquote><p></p>
[QUOTE="Weather Man, post: 17008639, member: 137766"] [HEADING=2]He's basically saying Green Insanity is going to make company a LOT of money.[/HEADING] [HEADING=2][/HEADING] [HEADING=2]TotalEnergies CEO warns risk of governments underselling energy transition cost[/HEADING] Feb. 12, 2024 2:38 PM ET[URL='https://seekingalpha.com/symbol/TTE?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATTE']TotalEnergies SE (TTE) Stock[/URL]By: [URL='https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']Carl Surran[/URL], SA News Editor[URL='https://seekingalpha.com/news/4065717-totalenergies-ceo-warns-risk-of-governments-underselling-energy-transition-cost#comments']1 Comment[/URL] [IMG alt="Exterior view of the headquarters of the oil company TotalEnergies, formerly known as Total"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1385197998/image_1385197998.jpg?io=getty-c-w750[/IMG] HJBC/iStock Editorial via Getty Images TotalEnergies (NYSE:[URL='https://seekingalpha.com/symbol/TTE?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']TTE[/URL]) CEO Patrick Pouyanne warned in an interview Monday with the [I]Financial Times[/I] that governments are under-selling the effects of the energy transition if they fail to acknowledge publicly that the shift would lead to higher energy costs. Pouyanne said policymakers and politicians are "naive" to think they can reduce oil and gas production before securing sufficient reliable renewable energy resources to take its place, especially given continued growth in global energy demand. "The pace of transition will not be the same everywhere," Pouyanne said, adding that African countries cannot be asked to avoid developing energy resources after "we have developed their resources for our own comfort for 20 years." The CEO was adamant in the [URL='https://www.ft.com/content/5a76f345-5e28-4f72-9246-6569c4ffe3d9']interview[/URL] that TotalEnergies ([URL='https://seekingalpha.com/symbol/TTE?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']TTE[/URL]) would not invest in wind and solar projects just to reduce emissions, as he sees power as an increasingly profitable opportunity, believing the energy transition will result in permanently elevated electricity prices. "I know that there is a theory which says renewables are cheaper, so it will be a lower price," Pouyanne told [I]FT[/I], but "we don't think so, because a system where you [have] more renewable intermittency is less efficient... so we think it's an interesting field to invest in." [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Pics and Videos Buffet
The HARD TRUTH about EVs
Top