Total became in May the latest large oil and gas firm to commit to a net-zero by 2050 target. And CEO Patrick Pouyanne is remarkably candid about the reasoning behind it. There was a "disconnect" between what Total had been doing "leading the pack" in lowering its carbon footprint-its carbon intensity has fallen by what it says is a peer-leading 6pc since 2015-and its 2030, 2035 and 2040 targets and being seen as a "laggard" by increasingly ESG-conscious investors for not having a 2050 net-zero commitment, says Pouyanne.
展开▼
