TotalEnergies Uses Record Profits to Fuel Oil and Gas Expansion Incompatible with 1.5-Degree Limit

May 25, 2023By Valentina StacklIndustry Updates, Press Releases

FOR IMMEDIATE RELEASE May 25, 2023 French oil major responsible for more climate pollution in 2022 than France – its own emissions targets allow same level of greenhouse gas pollution through 2030 [Paris, France] – New analysis released ahead of TotalEnergies’ annual shareholder meeting shows the French oil and gas major used record 2022 profits … Read More

Big Oil Reality Check 2023 — An Assessment of TotalEnergies, Eni, and Equinor’s Climate Plans

May 25, 2023By Oil Change InternationalBriefings, Featured, News

These briefings reveal that Total, Eni, and Equinor are on the cusp of approving a surge of new oil and gas development. If they proceed with all the projects in their anticipated pipeline for 2023, Eni could rank as the world’s third worst oil and gas expander this year and Equinor as the world’s eighth worst by the total volume of new reserves approved for extraction.

Investing in Disaster: Recent and Anticipated Final Investment Decisions for New Oil And Gas Production Beyond the 1.5°C Limit

November 16, 2022By Oil Change InternationalBriefings, Featured

The briefing reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively lock in 70 billion tonnes (Gt) of new carbon pollution. This is equivalent to almost two years’ worth of global carbon emissions from energy at current levels, 17 percent of the world’s remaining 1.5°C carbon budget, or the lifecycle emissions of 468 coal power plants.