French oil company Total is to install solar panels at 5,000 of its service stations, cutting its electricity bill by $40m a year. The move will save the firm about $400m in annual costs and help it meet targets for reducing carbon emissions from its operations. Total said the project represented an investment of around $300m over five years and would reduce carbon emissions by 10,000 tons each year.
French oil company Total is to install solar panels at 5,000 of its service stations, cutting its electricity bill by $40m a year. The move follows Total's purchase of stakes in two solar power start-ups through its venture-capital fund earlier this year. Total said the project represented an investment of around $300m over five years and would reduce carbon emissions by 10,000 tons each year.