Total to Invest in Batteries But...

[Marina Schwarz + 1,576]

Total says batteries investment depends on level playing field with Asia

“I will not launch the group and Saft in operations worth several billion euros if in the end we do not have the fair competitive framework between us and others,” Pouyanne said at a conference in Paris, adding that some Chinese manufacturers benefit from state aid."

Is this a call for protectionism I hear or am I being mean?

[Rasmus Jorgensen + 1,169]

Eye of the beholder I guess. Interesting that it comes on the back of fuel protests in France... 

I see something far more interesting though : Total considering investment into batteries. If the oil-majors (I think at some point we will have to say energy-majors) gets into renewables development then that is a real game-changer.

[DA? + 301]

most of the Western companies got left behind, now the panic investing is happening, maybe to late.