Subject category:
Ethics and Social Responsibility
Published by:
HEC Paris
Revision date: 7-Feb-2024
Length: 17 pages
Data source: Published sources
Topics:
Diversification; Strategy; Synergies; Sustainability; Purpose; Oil and gas; Renewable energy
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Abstract
In this case study, Bob, a senior engineer, and a hardcore Oil & Gas (O&G) fan, meets his former colleague Kiran who is deeply committed to Renewables Energies (RE). After they visit Expo 2020 in Dubai, they plan to visit TotalEnergies' Solar park in Qatar. On the way, they discuss the past, present, and future of O&G Majors and their diversification into RE - wondering if this is a strategic move or mere greenwashing. This situation case explores the dilemma of O&G majors' entry into RE. Do the O&G companies have the competencies to get into renewables? What are the synergies? Or is this shift purely from the pressure of the Paris Agreement and the shareholders? The laws in different countries vary, leaving loopholes for the O&G companies to compromise on their commitment to the environment. What does this move into RE and the change in name and logo mean for TotalEnergies?
Teaching and learning
This item is suitable for postgraduate and executive education courses.Time period
The events covered by this case took place in October 2021.Geographical setting
Region:
World/global
Featured company
TotalEnergies
Employees:
10000+
Turnover:
EUR 247,080,561
Type:
Public company
Industry:
Oil and gas extraction
Subject category:
Ethics and Social Responsibility
Published by:
HEC Paris
Revision date: 7-Feb-2024
Length: 19 pages
Data source: Published sources
About
Abstract
In this case study, Bob, a senior engineer, and a hardcore Oil & Gas (O&G) fan, meets his former colleague Kiran who is deeply committed to Renewables Energies (RE). After they visit Expo 2020 in Dubai, they plan to visit TotalEnergies' Solar park in Qatar. On the way, they discuss the past, present, and future of O&G Majors and their diversification into RE - wondering if this is a strategic move or mere greenwashing. This situation case explores the dilemma of O&G majors' entry into RE. Do the O&G companies have the competencies to get into renewables? What are the synergies? Or is this shift purely from the pressure of the Paris Agreement and the shareholders? The laws in different countries vary, leaving loopholes for the O&G companies to compromise on their commitment to the environment. What does this move into RE and the change in name and logo mean for TotalEnergies?
Teaching and learning
This item is suitable for postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in October 2021.Geographical setting
Region:
World/global
Featured company
TotalEnergies
Employees:
10000+
Turnover:
EUR 247,080,561
Type:
Public company
Industry:
Oil and gas extraction
Related
Subject category:
Ethics and Social Responsibility
Published by:
HEC Paris
Revision date: 7-Feb-2024
Length: 19 pages
Data source: Published sources