Total invests green – still banks on oil

The world will keep consuming oil for quite some time, says Total's CEO. Regardless, the French oil company is investing billions in other energy technologies.

Photo: /ritzau/AP/Olga Maltseva

Despite investing in other energy technologies, the CEO of the French oil major is still counting on oil and gas playing a large role in the world's energy mix for many years to come, reports Danish business daily Berlingske Business.

Total CEO Patrick Pouyanné says oil and gas will continue to play a role for many years yet, as the global population is growing, and the world needs more energy. However, he is convinced that when the world does stop consuming oil, it will not be for the lack of oil, but rather because people choose an alternative.

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