“We know that we must multiply these investments by 3.2 by 2030 in the energy transition”, added Monday on franceinfo Lucie Pinson, founder and director of the NGO Reclaim Finance.
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Spring is the season for general meetings, the opportunity for the NGO Reclaim Finance to publish a report to examine the climate strategies, in particular of the major oil and gas groups. His observation is clear: no one has a plan that makes it possible to meet the objective of the Paris agreement. “Large companies in the oil and gas sector must invest massively in renewable energies. We know that we must multiply these investments by 3.2 by 2030 in the energy transition”explains Lucie Pinson, the founder and director of the NGO, Monday April 17 on franceinfo.
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“When we examine the transition plans of the major oil and gas companies at European level, among which we will find TotalEnergies, but also Shell, Equinox, Repsol and their peers at the level of the United States, we realize that these companies continue to develop new hydrocarbon projects, regrets Lucie Pinson, against the conclusions of scientists, but also the projections of the International Energy Agency to limit warming to 1.5 degrees.
“All is relative”, reacts Lucie Pinson on the climate plan presented by TotalEnergies, with 5 billion dollars of “low carbon” investments in 2023. “This low-carbon category does not only include renewable energies, it also includes gas, in particular from electricity production, which is a fossil energy. The founder of the NGO Reclaim France recalls that this “low carbon” category will not capture “only 33% of the oil and gas major’s capital expenditure. In other words, the majority of expenditure today continues to go to the perpetuation of a model based on fossil fuels”.
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