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Total Puts Investment In $50 Billion Hydrogen Project On Hold
French TotalEnergies is putting on hold its plans to take a 25% stake in embattled Adani Group’s $50-billion hydrogen project, pending what it has called “clarity” over recent allegations that have caused Adan’s stock to plunge and even led to anti-government street protests in India. As one of Adani’s biggest foreign investors with existing stakes in Adani’s gas and renewable energy companies totalling over $3 billion, TotalEnergies’ CEO Patrick Pouyanné said during an earnings call…
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