At a time when reducing greenhouse gas emissions has become a priority for the world’s major economic players, Bill Gates has launched Breakthrough Energy Ventures (BEV), a $1 billion energy fund designed to finance clean technologies that will make it possible to produce low or very low carbon energy.
This mission is perfectly aligned with the OGCI Climate Investments partnership launched in early November by Total and nine other oil and gas companies.
Total will draw on its expertise to support BEV and has been recognized as a technological and strategic partner. Although the fund is currently made up exclusively of individual investors, Total should play an important role, especially by helping to identify investment priorities and assess the viability of technologies.
Total’s ambition is to be the responsible energy major and to offer its customers reliable, affordable and clean energy. This ambition’s pertinence is even more obvious today, with the climate imperative opening up new market opportunities. New technologies and business models are emerging in areas such as gas, renewables, energy efficiency, smart energy and carbon capture, utilization and storage.
Through its support for BEV, Total reaffirms its position as a key player in this new market. This development also shows that partners are coming together to scale up emerging technologies for widespread use.