Total joins the "Getting to Zero Coalition" to Contribute to Shipping Industry's Decarbonization
June 08 2020 - 3:06AM
Dow Jones News
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has joined the Getting to
Zero Coalition to support the maritime industry's decarbonisation
by collaborating with companies across the maritime, energy,
infrastructure and finance sectors.
The Getting to Zero Coalition's ambition is to help achieve the
target set by the International Maritime Organisation to reduce
Greenhouse Gases emissions from shipping by at least 50% by 2050 -
compared to 2008 levels. To that extent, the Coalition is aiming,
through its members, at getting commercially viable deep-sea
zero-emission vessels powered by zero-emission fuels into operation
by 2030.
Joining the Coalition marks a step further in Total's commitment
alongside its customers in the maritime sector and underlines the
Group's will to act on their energy demand, by supporting them in
their own emissions' reductions. Leveraging its expertise, Total
will contribute in to the Coalition's focus areas including fuels,
marine lubricants, and ship zero-emission technologies.
"As a major energy player, Total is already developing cleaner
fuels for the maritime industry." underlined Patrick Pouyanné,
President and CEO of Total. "We share the ambition to get to
net-zero emissions by 2050, together with society, for our global
operations. By joining the Getting to Zero Coalition, we want to
push innovation and foster collective actions with all the
stakeholders of the industry, thus contributing more efficiently to
the reduction of the carbon footprint of maritime transport and its
energy value chains."
Total is already actively working on improving the environmental
footprint of the shipping industry, through the development of
marine LNG supply infrastructure, fuel-efficient lubricants,
biofuels and batteries. It has also recently announced the long
term chartering of 2 LNG-propelled VLCCs.
About The Getting to Zero Coalition
The Getting to Zero Coalition was launched at the United Nations
climate summit in New York on September 23, 2019 as a partnership
between the Global Maritime Forum, the Friends of Ocean Action and
the World Economic Forum. It comprises over 120 public and private
organisations and has been endorsed by governments of 14 countries,
including France and the UK.
About Total
Total is a broad energy group that produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner
and accessible to as many people as possible. Active in more than
130 countries, our ambition is to become the responsible energy
major.
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms "Total" and "Total Group"
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. 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 TOTAL S.A. 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200607005072/en/
CONTACT: Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: Total
Copyright Business Wire 2020
(END) Dow Jones Newswires
June 08, 2020 02:51 ET (06:51 GMT)
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