The petroleum producer has transferred its corporate VC portfolio to a unit called Total Carbon Neutrality Ventures that will invest up to $400m in the next five years.

France-based oil and gas supplier Total plans to invest up to $400m in carbon neutrality technology developers through an investment vehicle it launched today. Total Carbon Neutrality Ventures (TCNV) will deploy the capital over a five-year period, targeting developers of technology or products that can help businesses cut their energy consumption or the intensity of…

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