81 days ago • Posted by Martin Boujol

Renewable companies outperforming oil majors

According to Total CEO, renewable energy assets are in a bubble. Patrick Pouyanné warns that industry's heavyweights are caught in the dilemma of sustaining their oil-based business generating the bulk of their profits, while facing pressure to invest in clean energy. He also warns that the switch will take time and that valuations that are often up to 25 times earnings are overvalued. 

Source: FT

Renewable companies outperforming oil majors
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