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Reclaim Finance critiques Total SE's climate claims, asserting that the company's scope 3 emission targets are vague and insufficient. The organization argues that Total's projected emissions for 2030 will significantly exceed 1.5°C alignment levels and that its carbon intensity reductions are far below the 90% decrease recommended by Carbone 4 to limit warming to 2°C.

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  • Based on Rystad Energy data, Total's scope 3 emissions are projected to increase to 500MT in 2030 from 410MT in 2015, which is 200MT higher than the level required for alignment with a 1.5°C trajectory.
  • Reclaim Finance argues that Total's commitment to reduce global absolute emissions by 2030 lacks a specific numerical target, suggesting that any minor decrease could be used to claim success without achieving the necessary reduction of approximately 170 million tonnes of CO2e relative to 2015 levels.
  • Total's target to reduce scope 3 emissions in Europe by 30% by 2030 represents a total reduction of 76.8 MT (based on 2015 emissions of 256 MT), which averages to approximately 5MT per year over 15 years, contradicting Total's claim of a 75 MT/year reduction.
  • Total's carbon intensity reduction targets—15% by 2030 and 35% by 2040 compared to 2015—are deemed insufficient, as Carbone 4 indicates a reduction of approximately 90% is necessary to limit temperature rise to under 2°C.
  • The document critiques Total's lack of transparency in reporting scope 3 emissions, noting that the company only uses one of the 15 items (item 11) from the IPIECA methodology and excludes non-combustible products such as plastics, lubricants, and bitumens from its carbon intensity calculations.

Cite the original document

APA
admin (2021). L'art de noyer le poisson : nous répondons à Total. Reclaim Finance. https://reclaimfinance.org/site/2021/03/22/lart-de-noyer-le-poisson-nous-repondons-a-total/
Chicago
admin. L'art de noyer le poisson : nous répondons à Total. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/03/22/lart-de-noyer-le-poisson-nous-repondons-a-total/.
Wikipedia
{{cite press release |last1=admin |title=L'art de noyer le poisson : nous répondons à Total |publisher=Reclaim Finance |date=22 March 2021 |url=https://reclaimfinance.org/site/2021/03/22/lart-de-noyer-le-poisson-nous-repondons-a-total/ |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@misc{admin2021lart, author = {admin}, title = {{L'art de noyer le poisson : nous répondons à Total}}, publisher = {Reclaim Finance}, year = {2021}, month = mar, url = {https://reclaimfinance.org/site/2021/03/22/lart-de-noyer-le-poisson-nous-repondons-a-total/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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