36 - Integrating Climate into our Strategy
R&D spending of
USD 7.4 billion
between 2015 and 2019, including 25%
on cleantech and environmental issues.
USD 150 million
invested in minority interests in 25 innovative
start-ups addressing the energy issues
of the future.
1,000 R&D
partnerships
with other industrial companies, universities
and dedicated research organizations.
Close to
4,500 R&D
employees
Earlier you mentioned stepping up
research into carbon capture, use
and storage (CCUS) technologies.
What is the outlook in this field?
PB From a technology standpoint,
we already know how to capture
and store carbon. The main purpose
of research now is to lower costs,
which are currently too high.
Also, there is still some uncertainty
surrounding how regional and
global storage capacity is measured.
And there are major social issues
to be addressed. The successful
dialogue during our pilot project
in Lacq, France provided us with
valuable input regarding the
types of questions raised by local
communities. However, we’re still
in the very early stages of research
into carbon use. To accelerate
the emergence of technologies,
we will be committing up to
10% of our R&D budget to this field.
FB There is a whole ecosystem
of start-ups dedicated to CCUS
technologies. We have invested in
Solidia, which is developing a new
cement and concrete chemistry.
Their technology can reduce the
carbon footprint of the concrete
industry by up to 70% and is
a brand-new way of using CO2.
More generally, our support of the
2°C trajectory could help to forge
new partnerships that would provide
extremely innovative solutions
to address all climate issues.
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