The petroleum producer has transferred its corporate VC portfolio to a unit called Total Carbon Neutrality Ventures that will invest up to $400m in the next five years.
France-based oil and gas supplier Total plans to invest up to $400m in carbon neutrality technology developers through an investment vehicle it launched today.
Total Carbon Neutrality Ventures (TCNV) will deploy the capital over a five-year period, targeting developers of technology or products that can help businesses cut their energy consumption or the intensity of their carbon emissions.
The unit will operate out of offices in Europe and the US, and its areas of interest include energy storage, smart energy…
