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NET ZERO 2050 or Sooner by leading global companies by chemwinfo, June 2020

NET ZERO 2050 or Sooner by leading global companies by chemwinfo, June 2020

NET ZERO 2050 or Sooner


Announcements from leading companies
DOW..June 2020


Dow intends to be carbon neutral by 2050,

in alignment with the Paris Agreement.


The Company is committed to

implementing and advancing technologies

to manufacture products using fewer resources

and that help customers reduce their carbon footprints.


>>Protecting our Climate

>>Accerelating sustainability commitments

Total..5 May 2020

TOTAL ADOPTS A NEW CLIMATE AMBITION

TO GET TO NET ZERO BY 2050

Supporting EU’s carbon neutrality target, Total commits to become a Net Zero Emission
Company for all its European Businesses by 2050

Total announces today its ambition to get to net-zero emissions by 2050 together

with society for its global business across its production and energy products used by its customers..

Through a joint statement developed between Total S.A. and institutional investors

– as participants in the global investor initiative Climate 100+1 –

Total takes 3 major steps towards achieving this ambition: 

Three major steps to get Total to Net Zero:

  1. Net Zero across Total’s worldwide operations by 2050 or sooner (scope 1+2)
  2. Net Zero across all its production and energy products used by
    its customers in Europe2  by 2050 or sooner (scope 1+2+3)
  3. 60% or more reduction in the average carbon intensity of energy products
    used worldwide by Total customers by 2050 (less than 27.5 gCO2/MJ) -
    with intermediate steps of 15% by 2030 and 35% by 2040 (scope 1 + 2 + 3)
1 According to Total evaluation, participants to Climate Action 100+ own more than 25% of Total’s shares.
2 Europe means the EU + Norway + UK


This ambition is supported by the strategy to develop Total as a broad-energy company,

with oil and gas, low-carbon electricity and carbon-neutrality solutions

as integrated parts of its business.


Total firmly believes this low-carbon strategy provides

a competitive advantage which creates long term value for its shareholders.

This strategy is already in action since 2015 as Total is the leading major

in terms of reduction of its scope 3 average carbon intensity with

a 6% reduction already achieved since 2015.

Patrick Pouyanné, in his capacity as Chairman of the Board, declared:

Energy markets are changing, driven by climate change, technology and societal expectations.

T

otal is committed to helping solve the dual challenge of providing more energy with fewer emissions.

We are determined to advance the energy transition while also growing shareholder value.


Today, we are announcing our new Climate Ambition to get to Net Zero by 2050 - together with society.


The Board believes that Total’s global roadmap, strategy and actions set out a path

that is consistent with goals of the Paris agreement.


We acknowledge the positive role of engagement and open dialog with investors

as the one we experienced with Climate 100+ along the last months.


We recognize that the trust of our shareholders, and society more widely,

is essential to Total remaining an attractive and reliable long-term investment.

And only by remaining a world-class investment can we most effectively play our part

in advancing a low carbon future.


This is the reason why our people are already in action across Total,

seeking opportunities to reduce our emissions,

improve our products and develop new low-carbon businesses”.

Regarding the commitment to become a net-zero energy business in Europe, he commented:

As the EU has set the target to achieve net zero emissions by 2050

and thereby lead the way for other regions to become carbon neutral over time,

Total takes that commitment to become neutral for all its businesses in Europe2.


At the time where Total elects to adopt the status of a European company,

Total wants to be an exemplary European corporate Citizen and offers its active support

for the EU to achieve net zero emissions by 2050.

Total will work together with other businesses to enable decarbonization of energy use”. 

Total confirms its target of a renewable generation gross capacity of 25 GW in 2025

and will continue to expand its business to become a leading international player in renewable energies.


Total currently allocates more than 10% of its Capex to low carbon electricity,

the highest level among the Majors.

To actively contribute to the energy transition, Total will further increase its allocation of Capex

in favor of low carbon electricity to 20% by 2030 or sooner.

The attached link allows access to the Joint Statement: 

Original Joint Statement.

And today it sets the highest ambition amongst the majors for

its scope 3 average carbon intensity with less than 27.5 GCO2/MJ by 2050.


Total Contacts :

Net-zero emissions EU 2050
SHELL...April 2020

In tackling climate change, the focus is increasingly on

limiting the global temperature rise to 1.5° Celsius.

Shell supports this ambition.

For society to achieve a 1.5° Celsius future, the world is likely to need

to stop adding to the stock of greenhouse gases in the atmosphere

– a state known as net-zero emissions –

by around 2060.

Advanced parts of the world are likely to need to reach that point by 2050.

That is why 

Shell has set itself an ambition to become, by 2050 or sooner,

a net-zero emissions energy business, in step with society.

We will work towards this in three ways.

Firstly, by seeking to be net zero on all the emissions

from the manufacture of all our products by 2050 at the latest.

This ambition includes the emissions created by our operations

and also those associated with the energy we consume.

These are known as scope one and two emissions.

But the bulk of the emissions are our customers’ emissions

when they use our products, known as scope three emissions.

Read more

>>DOWNLOAD SHELL NET ZERO 2050 PRESENTATIONS

BP..12 Feb 2020
Chief executive officer Bernard Looney answers three key questions on bp’s net zero ambition
1. Does this mean bp is getting out of oil and gas? 

 

What I can tell you is we will increasingly focus our investments on t

he highest quality barrels and drive returns and cash flow, not production volumes.

And with that, you can expect oil and gas production to decline gradually over time.


Does that mean you will be producing and refining hydrocarbons in 2050?

 

Yes – very likely.

 

Does that mean you will be producing and refining less of them by 2050?

 

Yes – and our aim is that any residual hydrocarbons will be decarbonized.

And in a world that is serious about net zero, they will have to be.

But we can only reimagine energy if we are financially strong,

able to pay the dividend our owners depend on –

and generate the cash needed to invest in new low and no carbon businesses.


2.Are you committing more capital to non-oil and gas activities?
 

Yes, we will, over time.

 

But the goal is not just to spend more money, it is to invest wisely –

into businesses that will make a difference to the world.

 

Businesses we can develop at scale…

 

In areas where we have unique capabilities…

 

And where we can deliver competitive returns.

 

We don’t plan to commit to an arbitrary or pre-set number.

 

But make no mistake, we aim to invest

more and more in low carbon businesses over time –

and less and less in oil and gas.


3.Where are the near-term targets to back up your long-term ambition? 
 

I appreciate you want more than a vision – you want to see milestones,

near-term targets, some ways to measure progress.

 

We do not have those for you right now.

 

But we will have more to say in September

when we announce our new strategy, and in the months and years to come.

 

I will say this now though – we don’t expect progress to be a straight line.

 

But make no mistake…

 

The direction is set.

 

We are heading for net zero.

 

There is no turning back.

Repsol..Dec 2019

Start : June 2020


WWW.CHEMWINFO.COM  BY KHUN PHICHAI

Tags : Net  zero  by  2050  net  zero  carbon  emission  company by  2050 or  sooner  by  chemwinfo  June  2020

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