Our Priorities for Balancing Energy and Climate Needs
1. Promote natural gas
The lowest-carbon fossil fuel.
Natural gas accounted for more than 50% of our oil and gas production in 2014, up from 35% in 2003.
→ Our goal is to double liquefied natural gas (LNG) production capacity between 2007 and 2017.
2. Develop renewable energies, including solar
The world's second-ranked solar operator by revenue with SunPower, of which Total is the majority shareholder.
→ SunPower plans to triple its cell manufacturing capacity in the next five years.
3. Enhance ernergy efficiency
Met our commitment to halve flaring at our operated sites, excluding initial start-up operations, between 2005 and 2014.
Zero flaring under normal operating conditions for all our new oil projects since 2000.
70 products and services with the Total Ecosolutions label. Sales of Total Ecosolutions products in 2014 displaced more than 1.5 million metric tons of carbon equivalent emissions compared to relevant standard products and services.
4. Facilitate access to sustainable energy
Met our commitment to improve the daily lives of five million people in Africa and Asia by selling a million Awango by Total solar lamps.
→ New target: Sell five million solar lamps in Africa by 2020, to reach 25 million people on the continent, which is central to our strategy.
5. Support international initiatives
We are a member of:
- The United Nations Global Compact’s Business Leadership Criteria on Carbon Pricing, which encourage companies to set internal carbon prices. Since 2008, Total has factored in a price of €25 a metric ton.
- The Climate and Clean Air Coalition’s Oil & Gas Methane Partnership to measure, manage and mitigate methane emissions during oil and gas production.
- The World Bank’s Zero Routine Flaring by 2030 initiative.
- A founding member of the Oil & Gas Climate Initiative to promote collective engagement by companies in the sector and encourage them to work together.