France-based supermajor TotalEnergies plans to build a large-scale plant to produce synthetic natural gas in the United States—a project which will benefit from tax credits in the Inflation Reduction Act. The announcement from one of Europe’s biggest oil and gas firms on Wednesday is a fresh blow to the European Union’s ambitions to lead in green energy technologies. The EU unveiled earlier this year its Green Deal Industrial Plan to boost the competitiveness of Europe's net-zero industry. But both the EU and the UK have struggled…
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