Total is spending $27 billion in Iraq. This time it's about solar energy, too
CNN
TotalEnergies is investing in oil, gas and solar energy projects worth $27 billion in Iraq, returning to the country where the French company made its first energy discovery nearly a century ago.
This time, however, no new exploration is planned despite Iraq's vast oil reserves, reflecting a shift by some major oil companies towards cleaner energy sources as the planet battles rising greenhouse gas emissions. Instead, TotalEnergies will invest in a solar energy plant and projects to improve output from existing oil and gas fields in the country, OPEC's second largest oil producer.
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