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'Stranded': Total writes down $8bn of fossil fuel assets

Toby Hill
clock 30 July 2020 •
Oil sands projects in Canada will bear the brunt of the write-down, Total said
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Oil sands projects in Canada will bear the brunt of the write-down, Total said

French oil giant concedes oil sands projects are becoming too expensive and warns that 'beyond 2030' peak oil demand beckons

French oil and gas giant Total yesterday announced an $8bn write-down of its most carbon-intensive fossil fuel assets, as the havoc wrought by Covid-19 on on the industry continues to push down oil prices...

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