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Report summary: "Total: The Climate Chaos Strategy"
Author: Notre Affaire à Tous, 350.org, Friends of the Earth France, Published on: 24 June 2019
This report reveals that the Group is building its strategy on the New Policies Scenario of the International Energy Agency (IEA), a scenario leading to a warming of between 2.7 ° C and 3.3 ° C... Relying on this scenario contradicts frontally the Paris Agreement and the numerous declarations of Total, namely: ... the various reports «integrating climate into our strategy» from 2016 to 2018, which repeatedly highlight the fact that the group has «an ambition consistent with the 2 ° C scenario»... The mitigation levers proposed by Total in no way guarantee the achievement of the objectives set out in the Paris Agreement... The objectives do not go beyond the year 2030 and mention no objective of carbon neutrality, yet necessary to the horizon 2050... Total’s «bio-refineries» can not be presented as a measure to combat climate change, mainly because of the massive imports of palm oil that they require, which contribute significantly to tropical deforestation. Total continues to invest heavily and almost exclusively in oil and gas... This unambitious strategy is even more grave as a limitation of global warming to +1.5 ° C is still possible, if a real inflection of GHG emissions is initiated. Total should radically change its economic model and abandon its new projects in oil and gas.