ENXTPA:TTEOil and Gas
TotalEnergies Weighs Net Zero Plans After Long-Term EDF Nuclear Deal
TotalEnergies and EDF have signed a 12 year contract to supply nuclear electricity to French industrial sites.
The agreement is expected to cover around 60% of the electricity needs of TotalEnergies' refining and chemicals sites in France with nuclear power.
CEO Patrick Pouyanné has indicated that the group will reassess its net zero plans given current global clean energy transition trends and EU 1.5°C expectations.
For investors watching ENXTPA:TTE, this move comes with the share price at...