French energy company Total makes modest investment in natural gas trasportation in US while investing $5 billion in Iran gas wells

Fuel Fix:
French energy major Total is betting on natural gas over diesel as a fuel source in the U.S. with an investment in California-based Clean Energy Fuels.

Total will pay $83.4 million to become Clean Energy Fuels' largest shareholder with a 25 percent stake and with commitments to invest more in deploying thousands of additional natural gas-fueled, heavy-duty fueling trucks.

Total and Clean Energy plan to create a leasing program for natural gas fuel trucks to replace their diesel counterparts, which don't burn fuel as efficiently for the environment.

While, in the past, natural gas trucks were more expensive, Total is pledging there will be no cost increase for the cleaner alternatives.
While I have no problem with this investment, I do think their investment of $5 billion in Iran is totally wrong.  Iran is the chief state sponsor of terrorism in the world and as long as the current odious regime is in power no one should be investing there. 

The Trump administration has indicated that companies that ignore its sanctions regime against Iran may also be subject to sanctions.  Total would be wise to invest in LNG facilities in the US as well as shale gas wells than provide financing to a terror regime.


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