Energy, Automobile, EV, Renewable News | Greenpeace finds TotalEnergies emissions almost 4 times higher than reported

Greenpeace finds TotalEnergies emissions almost 4 times higher than reported

November 3, 2022

According to new estimate calculations by Greenpeace France, released just days before COP27, TotalEnergies’ carbon emissions could be almost four times higher than what the company is reporting. In the report, titled ‘TotalEnergies’ carbon footprint: accounts are not good’, researchers recalculated the greenhouse gas emissions of French oil and gas major TotalEnergies.[1]

François Chartier, oil campaigner at Greenpeace France, said:

“The results are shocking. 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. In view of this new estimate of Total’s emissions, these goals seem downright unrealistic.”

In 2019, TotalEnergies reported emissions of 455 millions of tonnes of CO2e. Greenpeace France’s estimate is four times higher: 1 billion 637 million and 648 thousand tonnes of CO2e. Greenpeace France based its calculations on the reference year of 2019 to ensure that there is no bias related to the COVID-19 health crisis. This overall estimate is not exhaustive as some sectors remain potentially undervalued.

To align its activity with its climate strategy and its climate neutrality objectives, TotalEnergies must stop investing in new oil and gas projects, starting with the East African Crude Oil Pipeline (EACOP), the Mozambique LNG project and the Arctic 2 LNG Terminal under construction in Russia.

Greenpeace France has shared these findings with the French Financial Markets Authority (AMF). The AMF has 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 have been directly linked to more than a third of all greenhouse gas emissions in our times.[2] Last week, the company announced record profits.[3]

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