Total, bp plc, Shell, and Equinor announced a $0.5 billion joint investment commitment aimed at increasing access to sustainable modern energy.
According to the International Finance News APP, energy giants Total (TTE.US), bp plc (BP.US), Shell (SHEL.US), and Equinor (EQNR.US) announced a $0.5 billion joint investment commitment aimed at increasing access to sustainable modern energy.
The investment plan was developed at the United Nations COP29 climate summit held in Azerbaijan. These companies stated that their joint investment will mainly focus on sub-Saharan Africa and Asia, helping more people access electrical utilities to improve cooking conditions.
Murray Auchincloss, CEO of bp plc, said: "We are still in the early stages, but we hope to make a greater contribution to addressing the real challenge of energy access through joint investment."