Total has started producing sustainable aviation fuel
Europe IOCs claim early progress in push for low carbon
Both Repsol and Total will funnel 25pc of 2021 investments towards low carbon ventures
Europe’s integrated oil companies have moved to reassure investors over their ability to deliver the transition to a low carbon energy system, after reporting significantly higher first-quarter earnings on the back of stronger oil prices. All of the European IOC’s reported progress on investment in renewables during the first quarter, while divestments of upstream and downstream hydrocarbon assets are also gathering pace as the companies restructure their portfolios and direct capital toward low carbon assets. Total and Repsol will both invest 25pc of their overall capital expenditure into low carbon platforms in 2021, they say in the first quarter updates. “We want to keep investing, growin
Also in this section
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
