12 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.