*[Enwl-eng] Total greenwash

[ENWL]

                        One of the world’s largest oil and gas companies is 
trying to use 'green' financing to fund its disastrous plans to drill the 
Arctic. We can’t let them get away with it.

                        Add your name to this urgent message to investors: 
don’t buy Total’s toxic 'sustainability' bonds.



                         Sign the petition


            Vladimir,

            This week French oil and gas giant Total is getting set to sell 
a cunning plan to investors: to use 'sustainable' financing to fund its 
efforts to drill the Arctic.

            It’s greenwashing on an epic scale. But we have a chance to 
disrupt Total’s plans.

            Total is unveiling its full corporate strategy to investors like 
AXA and BNP Paribas starting today. Investors will then decide whether to 
buy into Total's 'sustainability bonds' over the coming weeks.

            It’s just enough time to raise the alarm. You can spook 
investors by showing them that tens of thousands of people across the world 
oppose this attempt to use ‘green’ finance to fund fossil expansion.

            Tell BNP Paribas, AXA and BlackRock don’t buy Total’s toxic 
sustainability bonds!

            Investors increasingly are demanding action on climate. But by 
2030, 80% of Total's investments will still be be directed to fossil fuels.

            Which is why Total came up with this cunning plan: call the 
investments ‘sustainable’ - but use them to fund oil and gas expansion.

            It's greenwash. But it also sets a dangerous precedent: if Total 
can use sustainable finance to build massive oil pipelines through East 
Africa and drill the Arctic wilderness, then so too can any other company.

            Total says that its ‘sustainability linked bonds’ will support 
its climate plans. But one look at those plans shows how hollow this claim 
is. What’s more, Total is not obligated to spend any of the money it raises 
through its sustainability bonds for green projects: it can pump it straight 
into new oil and gas projects.

            Sign now: investors use green finance to create climate 
solutions not fund climate destruction.

            Across the world SumOfUs members have taken on some of the 
largest fossil fuel companies and won! People power has helped push insurers 
like AIG and Liberty Mutual to abandon the Adani Carmichael mine and force 
Canadian banks to finally set climate goals. The finance world is moving on 
climate - but only when we push it.

            Which is why if we move fast we can expose Total’s greenwashing 
for what it is.


             Sign the petition
            Thanks for all that you do,
            Nick and the team at SumOfUs



            More information:

            Protect the climate but finance Total?, Reclaim Finance, 24 
February 2021
            Sustainability-linked bonds in 'rapid growth' as more firms tap 
ESG debt market, S&P Global Market Intelligence, 23 June 2021
            Arctic Oil, Gas Production Is Booming Despite Climate Fears, 
Bloomberg, 23 September 2021









--------------------------------------------------------------------------------
            SumOfUs is a community of people from around the world committed 
to curbing the growing power of corporations. We want to buy from, work for 
and invest in companies that respect the environment, treat their workers 
well and respect democracy. And we’re not afraid to stand up to them when 
they don’t.

            Please help keep SumOfUs strong by chipping in $3



                  Chip in $3



      From: Nick Haines, SumOfUs
      Sent: Monday, September 27, 2021 4:26 PM
      Subject: Total greenwash





 
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.enwl.net.ru/pipermail/enwl-eng/attachments/20210928/4f87ba62/attachment-0001.html>