REG-TOTAL Total Withdraws From the American Petroleum Institute

TotalEnergies SEAnnouncement

15/01/2021 13:40

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Total Withdraws From the American Petroleum Institute

 

Following a detailed analysis of the climate positions of the American
Petroleum Institute (API), Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces its
decision not to renew its membership for 2021.

Each year, Total assesses the main industry associations of which it is a
member to ensure they are aligned with the Group’s climate positions. This
alignment review is based on six key points:


 1. our science-based position that the link between human activity and climate
change is an established fact,

 2. our support for the objectives of the Paris Agreement,

 3. our belief in the necessity to implement carbon pricing,

 4. our confidence in the key role that natural gas plays in the energy
transition,

 5. our support for policies and initiatives that promote the development of
renewable energy, and

 6. our support for the development of CO(2) capture and storage.

These items are detailed in the Getting to Net Zero
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.total.com%2Fgetting-net-zero&esheet=52362691&newsitemid=20210115005313&lan=en-US&anchor=Getting+to+Net+Zero&index=1&md5=c1be2aaed9e2353d35d1f723f32e4bba)
report issued in September 2020.

Following the 2019 and 2020 reviews, API's positions were assessed as
"partially aligned" with those of the Group. Certain divergences, which have
been discussed within the association, remain today:

- regarding the role of natural gas, API maintains its support for the
rollback of U.S. regulation on methane emissions, which the Group opposed in
November 2019;

- regarding transport decarbonization, API is part of the Transportation
Fairness Alliance, which is opposed to subsidies for electric vehicles;

- regarding the carbon pricing principle, API expresses differing positions to
those of Total.

Moreover, API gave its support during the recent elections to candidates who
argued against the United States’ participation in the Paris Agreement.

"The Group acknowledges the API's considerable contribution, for over a
century, to the development of our industry. Nevertheless, as part of our
Climate Ambition made public in May 2020, we are committed to ensuring, in a
transparent manner, that the industry associations of which we are a member
adopt positions and messages that are aligned with those of the Group in the
fight against climate change", said Patrick Pouyanné, Chairman and CEO of
Total. "This transparency responds to our stakeholders' expectations, as well
as being an essential guarantee of the credibility of our strategy."

***

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

Notice

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Total 

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(mailto:presse@total.com) l @TotalPress

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