Appel aux actionnaires à voter contre le plan « climat » de Total

A coalition of NGOs calls on Total shareholders to reject the company's climate strategy and leadership, citing insufficient emission reduction targets, planned increases in hydrocarbon production, and a lack of transparency regarding Scope 3 emissions.

• The signatories argue that Total's 2030 climate goals are insufficient to limit global warming to 1.5°C. Specifically, the company's target to reduce Scope 1 and 2 emissions by 40% by 2030 (relative to 2015) is criticized because these scopes only represented 10% of Total's total emissions in 2015, and the goal relies partly on carbon sinks rather than direct reductions.
• Total's strategy for Scope 3 emissions is criticized for lacking absolute figures and for planning regional imbalances; while emissions are expected to drop by 30% in Europe, the company anticipates nearly identical increases in the rest of the world.
• The document claims Total's production forecasts contradict necessary reductions for climate stability. Total plans to increase energy production by 3 to 4Mbep/j by 2030, with gas production expected to rise by 30% between 2019 and 2030, leading to a total hydrocarbon production increase of 50% by 2030 compared to 2015 levels.
• Financial investments at Total are deemed misaligned with the Paris Agreement. Despite a goal of 100 GW of renewable electricity capacity by 2030, the company intends to allocate 80% of its capital expenditure to fossil fuels, creating a risk of stranded assets for investors.
• The document highlights controversial projects in East Africa, specifically the East African Crude Oil Pipeline (EACOP) and Tilenga, which aim to open a new oil basin in the Great Lakes region, potentially displacing hundreds of villages and impacting natural parks.

APA

Reclaim Finance (2021). Appel aux actionnaires à voter contre le plan « climat » de Total. https://reclaimfinance.org/site/wp-content/uploads/2021/05/Lettre-actionnairesPDF-avec-logo-AVAAZ-final2.pdf

Chicago

Reclaim Finance. Appel aux actionnaires à voter contre le plan « climat » de Total. 2021. https://reclaimfinance.org/site/wp-content/uploads/2021/05/Lettre-actionnairesPDF-avec-logo-AVAAZ-final2.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Appel aux actionnaires à voter contre le plan « climat » de Total |date=28 April 2021 |url=https://reclaimfinance.org/site/wp-content/uploads/2021/05/Lettre-actionnairesPDF-avec-logo-AVAAZ-final2.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2021appel, author = {{Reclaim Finance}}, title = {{Appel aux actionnaires à voter contre le plan « climat » de Total}}, publisher = {Reclaim Finance}, year = {2021}, month = apr, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/05/Lettre-actionnairesPDF-avec-logo-AVAAZ-final2.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }