“TotalEnergies’ greenhouse gas emissions are four times higher than what the French multinational oil and energy giant admits.” That is what the environmental organization Greenpeace’s French branch is accusing TotalEnergies of.
The painful detail is that Greenpeace’s report was released just a few days before the start of the United Nations Climate Change Conference in Sharm el-Sheikh (Egypt).
In 2019, TotalEnergies reported emissions of 455 million tons of CO2. However, according to new estimate calculations by Greenpeace France, the French energy giant emitted more than 1,6 billion tons of CO2, or four times more. “These figures are shocking, and they emphasize the total lack of transparency of TotalEnergies,” Greenpeace says.
François Chartier, oil campaigner at Greenpeace France: “TotalEnergies just posted record profits amid record high gas prices, while at the same time, it appears to be dramatically underreporting its emissions and downplaying its role in driving the climate crisis.
This report brings TotalEnergies’ entire climate strategy and carbon neutrality ambitions for 2050 into question. Given this new estimate of Total’s emissions, these goals seem downright unrealistic.”
Greenpeace France has shared these findings with the French Financial Markets Authority (AMF). The AMF has the authority to issue sanctions against TotalEnergies for any contradictions, inaccuracies, or significant omissions that these new estimates of TotalEnergies’ real climate impact reveal.
TotalEnergies is among the top 20 global fossil fuel companies whose joint exploitation of global oil, gas, and coal resources has been directly linked to more than a third of all greenhouse gas emissions in our times.