TotalEnergies will increase oil and gas production through 2030

Climate crisis?Global warming?Extreme phenomena?According to TotalEnergies, the use of oil and gas can still be increased.

TotalEnergies point to increase production – and consequently the marketing and combustion – of petrolium And gas.The occasion for the "happy" announcement was, not surprisingly, a meeting in New York with a large group of investors.The same ones that by May 2023 they had approved the strategic plan of the giant of hydrocarbons French, despite pressure from civil society.And, once again, it is no coincidence that there are those in the American metropolis who have skinned their hands from applauding.

The expected growth of hydrocarbons is 3 percent per year

The transalpine oil company he actually explained which intends to increase oil and gas production (“mainly”, it was specified) of about 3 percent per year, between now and 2030.An announcement which, a few weeks before the start of the twenty-ninth United Nations World Climate Conference (Cop29)  to be held in November in Baku, IN Azerbaijan), appears in total contradiction with the requests that have been coming from the company for years scientific community.

In fact, we know that we should limit the growth of global average temperature to a maximum of 1.5 degrees centigrade, by the end of the century, compared to pre-industrial levels.We also know that we are already around 1.2 degrees global warming.And we know that the only way we have to block this catastrophic dynamic for the Earth is to stop burning fossil fuels.

TotalEnergies has launched six new fossil fuel projects in 2024

According to TotalEnergies, however, it is more important maximize profits.Especially since the gas mentioned in New York is the LNG (liquefied natural gas), often moved by ship, with a further increase in the environmental impact due to the CO2 emissions caused by the transport.

However, this is not new, in the sense that the oil group's objectives already included increasing hydrocarbon production.But limited to 2-3 percent, and only up to 2028.On the other hand, just look at the new investments of TotalEnergies to understand what the strategic lines are:in 2024 they were launched six new fossil projects:two in Brazil, and one respectively in Suriname, Angola, Oman and Nigeria.

The oil company dusts off the "markets are asking us"

The justification?“The reality is that demand for oil is increasing, of just under 1 million barrels per day,” his partner said.According to which, among other things, "for now we do not see a real impact linked to the penetration of low impact technologies” in the market.How to say:the market asks us for it, so that's fine.And never mind if what the market is asking for is something that endangers the survival of the Planet, at least in the forms in which we know it.

For completeness, for the benefit of web pages colored green and full of bees, and the sun shining, TotalEnergies has also set itself an objective which consists in generating over 100 Terawatt hours of electricity, produced 70 percent from renewable sources (those that "do not penetrate the market").