For their contribution to climate change and its fatal impact on human and non-human lives, several organizations have decided to take action by filing a new complaint against Total Energies in Paris last week.
At the same time, the general meeting of the Shell oil and gas group is being held in London. A new business strategy must be adopted at this meeting. This must say less about the climate than the current one. Chevron, ExxonMobil, BP are also increasingly criticized for their inaction in the face of the climate crisis. Big Oil and the oil and gas majors are accused of making the situation worse, according to a report from around a hundred NGOs.
Chevron, BP, ExxonMobil, Shell, TotalEnergies, Eni, Equinor, Conoco Philips… Eight majors, as they say, capable of single-handedly derailing international climate agreements.
According to Romain Ioualalen, head of international policies at the NGO Oil Change International, there is none of these eight oil and gas majors that has a climate plan that is aligned with the Paris Agreement and even less with the recent decision of COP28 to exit fossil fuels.
“We even have six of these eight companies that have an explicit objective of increasing oil and gas production in the short term. If we look at their oil and gas production trajectory over the next few years, these are trajectories that we find in scenarios of warming at 2.4 degrees instead of the 1.5 degrees of the Paris Agreement,” explained Romain Ioualalen.
Furthermore, TotalEnergies intends to increase its oil and gas production over the coming years.
Several climate activists have decided to encourage shareholders to vote against the renewal of the mandate of Patrick Pouyanné, the group’s CEO. Even if the probability of such an eviction seems less.
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