Generation
TotalEnergies, BP, Equinor and Shell commit $500 mln to boost energy access
The investment plan was made at the United Nations COP29 climate summit in Azerbaijan, which has been overshadowed by political tension, with Argentina having withdrawn its delegation.
The companies said their joint investment would primarily target sub-Saharan Africa and Asia, to help more people gain access to electricity, thus leading to better conditions to cook food.
"It is early days, but we hope that by jointly investing, we will be able to contribute to wider efforts to tackle the very real challenge of access to energy," said BP Chief Executive Murray Auchincloss.
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