500 million dollar commitment of European oil companies to fight poverty
reported Mehr News Agency quoted by Reuters, BP of England, Shell of Holland, Total Energy of France and Ekinor of Norway pledged 500 million dollars to increase access to Affordable energy, mostly in sub-Saharan Africa, South and invest in Southeast Asia.
This figure is about 0.7% of the total net profit of the four mentioned European companies in 2023.
This statement was made on the sidelines of the United Nations Climate Change Conference in Baku (Cup 29), where the discussion is on collecting one trillion dollars in financial aid to improve the climate from richer countries with the aim of Aid to developing countries was concentrated, it has been announced.
The spokesperson of Total Energy, without mentioning the name of the global private equity company that has been chosen to manage these funds, said: $500 million will be paid over several years through tenders for energy value chain projects. It was.
This figure is for projects including indoor solar energy systems, microgrids, power generation, transportation, logistics and storage, e-mobility technologies and modern cooking fuels such as liquid gas (LPG) is mostly in sub-Saharan Africa, South and Southeast Asia.
The International Energy Agency estimates that 2.3 billion people worldwide still cook their food on traditional stoves burning wood, charcoal, and animal waste, which lead to health problems. It will be.
Murray Achincloss, CEO of BP in this about “It’s early days,” he said, “but we hope that by co-investing, we can contribute to broader efforts to tackle the real challenge of energy access.”
The officials of these companies did not mention the amount of commitment of each company.
Early this year, Total Energy announced a separate investment of 400 million dollars to develop the liquid gas industry in order to dedicate it to the cooking sector in Africa and India by 2030.
