Total joins its peers with ambition to reach net-zero emissions by 2050

June 22, 2020
Owning the Energy Transition More...
Other More...
Average importance

While already ahead of its peers when it comes to scope 3 emissions, Total has officially joined the decarbonization race after announcing its goal to reach net-zero emissions by 2050 across its global businesses. The French oil major is also going one step further to address scope 3 emissions with plans to achieve net-zero emissions for its energy products used by consumers by 2050, but did not disclose what steps will be taken to reach this target. We have already started to see strategies involving forest restoration initiatives from competitors like Shell, but the industry will ultimately need to turn to carbon capture technologies in order to offset emissions and achieve long-term targets.

For the original news article, click here .

Further Reading

Shell adds to the growing list of oil majors pledging net-zero emissions by 2050

News Commentary | April 22, 2020

As one of the last European oil majors to join the net‑zero decarbonization race, Shell has announced its ambition to become a net‑zero emissions company by 2050 or sooner. In line with announcements from its peers, Shell also plans to incorporate Scope 1, 2, and 3 level emissions to address all ... To read more, click here.

ArcelorMittal commits to carbon neutrality by 2050

News Commentary | October 05, 2020

The company intends to decarbonize existing steelmaking operations with biomass and CO2 utilization technologies in the near term and eventually deploy hydrogen‑based direct reduced iron (DRI) steelmaking at scale. The company joins Thyssenkrupp, which also committed to carbon neutrality last year... Not part of subscription

Elon Musk partners with XPRIZE for $100 million CO₂ capture competition

News Commentary | February 09, 2021

Following his tweet last week that he would donate $100 million to the developer of the "best carbon capture technology," Musk formalized his announcement by partnering with the XPRIZE Foundation to run the competition. The XPRIZE is best known for its NRG COSIA competition, an ongoing initiative ... To read more, click here.