GPS News
OIL AND GAS
COP29: TotalEnergies chief defends oil's climate 'progress'
COP29: TotalEnergies chief defends oil's climate 'progress'
by AFP Staff Writers
Baku (AFP) Nov 15, 2024

The head of French oil giant TotalEnergies admitted the sector's role in climate change on Friday but insisted it was making "continuous progress".

"Yes, we are part of the problem," Patrick Pouyanne told AFP on the sidelines of "energy day" at the UN COP29 climate talks in Azerbaijan.

But "we're in the mindset of continuous progress", he insisted, even "if we're never going fast enough" for some.

Pouyanne is one of several oil executives in town for events at COP29, and he started his day at Azerbaijan's country pavilion for a panel with the heads of state oil firm Socar and the Environmental Defense Fund, a US non-profit.

The French executive described a deal agreed at last year's COP28 in Dubai to transition away from fossil fuels as an "important signal".

But "we mustn't think that in six months, a year, everything will stop", he said, pointing to growing European demand for gas.

Progress will move "step by step", he added.

"I know that there is an emergency, I'm aware, but we also have to engage with all actors."

TotalEnergies and Socar announced plans to cooperate on reducing emissions of methane -- a powerful but short-lived greenhouse gas often produced by leaks at gas extraction sites.

More than 50 oil and gas companies have joined a pledge, launched in Dubai last year, to reach "near-zero" methane emissions in their operations by 2030.

Pouyanne said the companies account for 45 percent of global oil and gas production, and if they make progress, other firms could follow.

"It is crucial that we act together," he said, suggesting that oil majors could help state oil companies that lack the tools and culture of transparency to reduce emissions.

"We must accept that it will take a little bit of time," he said.

A report by the Carbon Tracker think tank published Thursday found that there were big loopholes in the pledges of the world's major oil and gas companies that risked "exacerbating the climate crisis".

dep-nal/sah-lth/fg

TotalEnergies

Related Links
All About Oil and Gas News at OilGasDaily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
OIL AND GAS
UK scrambles jets to monitor Russian military plane over North Sea
London (AFP) Nov 15, 2024
UK jets were scrambled to monitor a Russian reconnaissance aircraft flying close to UK airspace, the defence minister in London said on Friday. Two Typhoons from RAF Lossiemouth in Scotland followed the Russian Bear-F aircraft as it flew over the North Sea on Thursday, the ministry said. "At no time was it able to enter UK sovereign airspace," it added. The Typhoons were supported by a Voyager refuelling aircraft. "Our adversaries should be in no doubt of our steadfast determination and ... read more

OIL AND GAS
Nigeria borrows $134 mn to boost farms as famine looms

Economic woes sour prospects for China's dairy farmers

White truffles, Italy's gold, menaced by climate change

Scientists harvest nutrient-rich rice grown in space

OIL AND GAS
MIT physicists predict exotic form of matter with potential for quantum computing

US finalizes up to $6.6 bn funding for chip giant TSMC

China's top chipmaker reports surge in profits

Nvidia surpasses Apple as world's biggest company

OIL AND GAS
AMSL Aero completes first free flight of Vertiia eVTOL

Electra unveils EL9 ultra short hybrid-electric aircraft design

Flights to Bali resume following volcanic eruption

NASA funds new studies looking at future of sustainable aircraft

OIL AND GAS
China's Xiaomi posts sales bump as EV deliveries speed up

China expanding advanced EV charging stations to meet growing demand

Bentley pushes back target of all-electric luxury cars to 2035

BMW's profits plunge as China sales slump

OIL AND GAS
China's Xi urges closer ties in meeting with Mexican president

China's Xi urges APEC unity in face of 'protectionism'

G20 leaders talk climate, wars -- and brace for Trump's return

Strike at French maker Hennessy over measures in China spat

OIL AND GAS
Biden touts climate legacy in landmark Amazon visit

Biden in historic Amazon trip as Trump return sparks climate fears

EU deforestation ban in chaos as parliament loosens rules

Drowning mangroves in Maldives signal global coastal risk

OIL AND GAS
Carbon Mapper reports initial methane mitigation success from Tanager-1 satellite

China launches new set of remote-sensing satellites

Microplastics influence cloud formation, potentially shaping weather and climate

UChicago scientist crafts new model to enhance forecasting of atmospheric rivers

OIL AND GAS
New Technique Enables Mass Production of Metal Nanowires

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.