Oil giant leader Total announces new unit to invest in forests



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A report released earlier this week said that mbadive reforestation could help tackle climate change

A report released earlier this week said that mbadive reforestation could help tackle climate change

The head of the French energy giant, Total, announced Saturday that the company would invest one hundred million dollars a year in a new forest preservation and reforestation project.

"We want to set up a business unit to invest in forest preservation projects," said Executive Director Patrick Pouyanne at a meeting devoted to economic issues in Aix-en-Provence, in the south of France. France.

The company would spend $ 100 million a year on this project, he said.

"The most effective way to remove carbon today, for less than $ 10 a tonne, is reforestation," he added.

"This is not philanthropy," he added. "It's about investing in the medium and long term – a project for forests has to last a long time to be positive for the planet."

Pouyanne had expressed a few days after Total announced that it had started producing biofuel in a refinery in southern France, a project that provoked an uproar among environmentalists and farmers who are considering importing oil. Palm oil.

The site of La Mede, near Marseille, is a converted oil refinery and is now one of the largest biorefineries in Europe.

A study released Thursday indicates that a mbadive reforestation campaign could help combat climate change.

Greta Thunberg, Swedish climate activist: "It is absolutely impossible to prevent our greenhouse gas emissions and our waste

Greta Thunberg, Swedish climate activist: "It is absolutely impossible to prevent our greenhouse gas emissions and to leave fossil fuels in the soil"

The study, carried out by ETH Zurich and published in Science, said that a large-scale operation could capture two-thirds of human-induced carbon emissions and bring global levels back into the atmosphere at their lowest level by nearly a year. century.

He revealed that the Earth could support 900,000 hectares of trees that would sequester 205 billion tons of carbon.

Some advocates of the environment have reacted cautiously to research.

"Yes, of course, we have to plant as many trees as we can," teen activist Greta Thunberg wrote on Twitter on Friday.

"Yes, of course, we must keep existing trees, restore them and restore nature.

"But there is absolutely no way to prevent our greenhouse gas emissions and let fossil fuels in the soil."


Total put into production of the French refinery of biofuels


© 2019 AFP

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Oil giant leader Total announces new unit to invest in forests (July 7, 2019)
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