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TotalEnergies Condemns Greenpeace's Spreading of False and Misleading Information about the Company's Greenhouse Gas Emissions
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Negative)
Tags
Rhea-AI Summary
On November 3, 2022, Greenpeace published a report claiming TotalEnergies' Scope 1 emissions exceeded 160 million tons of CO2e in 2019, while TotalEnergies reported them at 55 million tons. The company strongly refutes Greenpeace's claims, labeling them as misleading and damaging to its credibility. In response, TotalEnergies has decided to pursue legal action against Greenpeace to address the harm caused by this misinformation.
Positive
TotalEnergies refutes misleading claims made by Greenpeace, protecting its reputation and credibility.
The initiation of legal proceedings signals TotalEnergies' commitment to maintaining accurate public information.
Negative
The report's allegations could lead to reputational damage and increased scrutiny on TotalEnergies' emissions reporting.
Ongoing legal action may distract management from strategic business initiatives.
PARIS--(BUSINESS WIRE)--
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):
In a report entitled "TotalEnergies' Carbon Footprint Doesn't Add Up" published by Greenpeace on Thursday, November 3, 2022, Greenpeace affirms, among other things, that TotalEnergies' Scope 1 emissions based on equity share allegedly exceeded 160 million tons of CO2e in 2019, whereas the Scope 1 emissions based on equity share reported by TotalEnergies for 2019 actually amounted to 55 million tons of CO2e.
The figure of 160 million tons of CO2e provided by Greenpeace for TotalEnergies' 2019 Scope 1 emissions based on equity share is fanciful and false. Greenpeace's spreading of misleading information on this subject is serious in that it concerns the quality and reliability of TotalEnergies’ disclosures concerning its direct greenhouse gas emissions over which it has control.
Consequently, TotalEnergies has decided to initiate legal proceedings to repair the damage caused by the spreading of this misleading information by Greenpeace.
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About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
What did Greenpeace report about TotalEnergies' emissions on November 3, 2022?
Greenpeace claimed that TotalEnergies' Scope 1 emissions exceeded 160 million tons of CO2e in 2019, contrasting significantly with TotalEnergies' reported figure of 55 million tons.
How has TotalEnergies responded to Greenpeace's report?
TotalEnergies has refuted Greenpeace's claims as false and misleading and announced plans to initiate legal proceedings against the organization.
What is the impact of Greenpeace's claims on TotalEnergies?
The allegations could damage TotalEnergies' reputation and attract closer scrutiny of its emissions reporting.
What legal action is TotalEnergies taking regarding the Greenpeace report?
TotalEnergies has decided to initiate legal proceedings to repair the damage caused by Greenpeace's misleading information.
What are TotalEnergies' reported Scope 1 emissions for 2019?
TotalEnergies reported its Scope 1 emissions for 2019 at 55 million tons of CO2e.
