Defund
totalenergies
Seule la finance a le pouvoir d’empêcher le désastre TOTAL
Defund
totalenergies
Finance can stop TotalEnergies’ climate-wrecking strategy.
TOTALENERGIES PURSUES A CLIMATE–WRECKING STRATEGY
Despite the recommendations of the Intergovernmental Panel on Climate Change (IPCC) scientists, TotalEnergies continues to develop new oil and gas projects around the world. These projects pose a threat to our chances of limiting global warming to +1.5°C, destroy ecosystems, and have a negative impact on frontline local communities.
BANKS AND INVESTORS HAVE A RESPONSIBILITY
Behind TotalEnergies are banks, insurers, and investors. Despite the projections of the International Energy Agency (IEA) and their own climate commitments, they provide the financial services that the French major needs to deploy a climate-wrecking strategy. The only hydrocarbon fields that TotalEnergies intends to develop in the short term will contribute to emitting approximately 2.3 gigatonnes of CO2e, equivalent to what France emits in 6 years.
We have the power to stop them
In solidarity with the communities suffering the impacts on the front line of the projects developed by TotalEnergies, we call on financial players to end their complicity in the French major’s activities. Instead, they must use all the means at their disposal to compel TotalEnergies to adopt a real climate plan, based on science, and designed to reduce its hydrocarbon production.
TotalEnergies’ oil and gas projects under development around the world
TotalEnergies is pursuing an oil and gas expansion strategy in all four corners of the world: shale gas in Argentina, offshore drilling in Senegal and South Africa, liquefied natural gas (LNG) terminals in Mozambique and Papua New Guinea, the new oil and gas projects planned by the French major are numerous.
TotalEnergies is the 7th largest global developer of oil and gas production projects and the 12th largest global developer of LNG terminals. Far from allocating its enormous profits – US$19 billion in 2022 – to renewables deployment, TotalEnergies prioritizes its shareholders and fossil fuels above all else. Oil and gas will continue to account for over two-thirds of the company’s expenditures in the coming years.
Sources:
Urgewald, Global Oil & Gas Exit List, 2022
Reclaim Finance, Assessment of TotalEnergies’ climate strategy, April 2023
TotalEnergies’ developping fields
LNG Assets
Presence of TotalEnergies’ existing fields
they testify against totalenergies
The financial players supporting TotalEnergies
Which banks and investors are behind TotalEnergies’ oil and gas expansion?
Whether they directly finance new projects or provide financial services to the company – for example by lending money, issuing bonds to seek finance on the markets, or buying these bonds – banks and investors provide crucial support to the French major. Without them, TotalEnergies would not be able to maintain its operations, let alone develop new projects. Investors, as shareholders with voting power at shareholders’ meetings, also play an important role in the continuation of its fossil fuel business model.
Top 5 European banks supporting TotalEnergies
TotalEnergies funding in millions US$ – between 2016 and 2022


Top 5 European investors supporting TotalEnergies
Investment in millions US$ in TotalEnergies – as of May 15, 2023.





To stop Totalenergies’ climate-wrecking strategy, let’s call on the financial players to act!
Without financial support, TotalEnergies would not be able to deploy its climate-wrecking strategy.
Several of TotalEnergies’ lines of financing will expire in the coming months. The time to act is now! Banks and investors must make their participation in future transactions conditional on a commitment by TotalEnergies to stop developing new oil and gas projects.