T: 01242 620894 E: info@mypoweruk.com

Total writes off $9.3B in oilsands assets

We’re surprised that this hasn’t been bigger news;  when one of the world’s largest oil majors makes a massive nod towards the obsolescence of oil,  the markets take notice.

French energy giant Total says it is writing off $9.3-billion worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based oil lobbying group - the Canadian Association of Petroleum Producers.  There is a telling quote in the release where they speculate that ..  ‘this resource might not be produced by 2050’

The oil companies are all now accepting that the hydrocarbon business does not offer long term prospects for their business and all of them,  apart from a couple of American die-hards,  are investing massively in renewables.

Read oil’s pre-obituary here 

News Headlines

Sustainable Initiatives for Businesses This Christmas

How Businesses Can Achieve Greener Goals for 2021

New green number plates to be introduced on 8th December 2020

How are Solar Panels Installed?

BMW iX: Series design of single tech flagship

The International Energy Agency has produced its annual report and it confirms rise of renewable energy.

Lowering Energy Costs for Commercial Properties

EV sales in October up by 168% in the year to end October

The Future of Renewable Energies: Predictions for 2021

Leaseplan study find EV cars cheaper in the long run

Shire Hall wins award for redevelopment

Porsche’s biggest selling car in Europe in August was the all-electric Taycan

4 Ways To Add Value To Your Commercial Property

Are you still thinking that your next car might have an engine?

5 Countries Setting A Green Example (What We Can Learn?)

BP joins chorus calling for early ban on new petrol and diesel cars

Lucid Motors Unveils Lucid Air: Priced From $80,000 To $169,000

The Benefits Solar Power Can Bring To Your Business

The Future Of The Solar Power Industry: Our Predictions

Government Plans £3billion Green Scheme