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<P class=MsoNormal><B><SPAN
style="FONT-FAMILY: 'Calibri',sans-serif; FONT-SIZE: 11pt"
lang=EN-US>From:</SPAN></B><SPAN
style="FONT-FAMILY: 'Calibri',sans-serif; FONT-SIZE: 11pt" lang=EN-US> Sigurd
Enge <<A href="mailto:sigurd@bellona.no">sigurd@bellona.no</A>>
<BR><B>Sent:</B> 9. oktober 2019 17:21<BR><B>Subject:</B> Total CEO scolds
politicians: "Get it together!" <O:P></O:P></SPAN></P></DIV></DIV>
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<DIV>
<H1 style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Georgia',serif; COLOR: #464646; FONT-SIZE: 25pt">Clean
voice from an oil major:<O:P></O:P></SPAN></H1>
<P style="BACKGROUND: white"><B><SPAN style="COLOR: #242424">The CEO of global
oil group Total confronts politicians unfiltered. He is tired of governments and
parliaments that talk about the "climate crisis" without making any
decisions.<O:P></O:P></SPAN></B></P>
<DIV>
<DIV>
<P style="BACKGROUND: white" class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt"><IMG
style="WIDTH: 4.145in; HEIGHT: 3.603in" id=_x0000_i1025
src="https://finanswatch.dk/incoming/article11673210.ece/ALTERNATES/native-app-960/20190930-084255-5-1920x1080we%20(1).jpg"
width=460 height=436>Photo: Benoit Tessier/Reuters/Ritzau
Scanpix<O:P></O:P></SPAN></P>
<DIV>
<ADDRESS style="BACKGROUND: white"><B><SPAN
style="TEXT-TRANSFORM: uppercase; FONT-FAMILY: 'Arial',sans-serif; COLOR: #242424; FONT-SIZE: 11.5pt"><A
href="https://finans.dk/"><SPAN style="TEXT-DECORATION: none"><IMG
id=_x0000_i1026 border=0
src="http://finanswatch.dk/commonimg/articlePartnerLogos/partner_finans.png"></SPAN></A><BR>BY
KELD LOUIE PEDERSEN<O:P></O:P></SPAN></B></ADDRESS>
<DIV>
<P style="BACKGROUND: white" class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: #666666; FONT-SIZE: 11.5pt">Published: 09.10.19
12:51<O:P></O:P></SPAN></P></DIV></DIV>
<DIV>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">LONDON<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">"I
completely agree with the young people on climate strike. Politicians talk and
talk, but nothing happens."<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">The
gloves are off for Patrick Pouyanné, chief executive at French oil major
Total.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">He is
tired of governments and parliaments that talk about the "climate crisis"
without making any decisions.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">"Time
and again I hear in various contexts that big, international oil companies like
Total are dinosaurs. We continue to rumble, but in a moment we'll be extinct,
because climate change has made us redundant," Pouyanné
says.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">He
rounds off the first day of the conference Oil & Money 2019, arranged for
the 40th time by Energy Intelligence, which has been met by activists from the
movement Extinction Rebellion, which demands a carbon-neutral world by as early
as 2025.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">The
UN's Paris Climate Accord targets a carbon-neutral world in 2050, whereas the
UN's Intergovernmental Panel on Climate Change (IPCC) has said that the world
only has 11 years left if global temperature rises are to be limited to 1.5
degrees Celcius.<O:P></O:P></SPAN></P>
<BLOCKQUOTE
style="BORDER-BOTTOM: #cccccc 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 18pt; MARGIN: 18pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: #cccccc 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 18pt">
<P
style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; MAX-WIDTH: 21em; BACKGROUND: white"
align=center><SPAN
style="FONT-FAMILY: 'Georgia',serif; COLOR: #242424; FONT-SIZE: 15pt">Constantly,
we hear politicians say that they will ban coal. Well, then do
it<O:P></O:P></SPAN></P>
<P style="TEXT-ALIGN: center; BACKGROUND: white" class=MsoNormal
align=center><CITE><SPAN
style="TEXT-TRANSFORM: uppercase; FONT-FAMILY: 'Arial',sans-serif; COLOR: #999999; FONT-SIZE: 10.5pt">PATRICK
POUYANNÉ, CEO, TOTAL</SPAN></CITE><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt"><O:P></O:P></SPAN></P></BLOCKQUOTE>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">"We
constantly hear politicians say that they will ban coal. Well, then do it. Set a
date for the ban, so everyone who currently works with coal and has money tied
down in coal knows what to plan for. And yes, there are probably many in the
steel industry who want an answer as to, when the time comes, how they will make
steel without using coal," the Total CEO says, continuing:<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">"If
selling gasoline- and diesel-powered cars is meant to be illegal, then make that
decision. On which date will it happen? So far, we are just being met with talk.
When will action come? The oil industry is not the only one entitled to answers.
So are consumers, the vehicle industry and everyone else connected to
cars."<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">On the
first day of Oil & Money 2019, the lack of political will has been a running
theme, and quite a few speakers and panel participants have voiced their
opinions. A recurring point is that politicians dare not make concrete decisions
in the fight against climate change for fear of the
consequences.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">If
selling gasoline- and diesel-powered cars is banned from 2030, sales of such
vehicles must be expected to more or less halt long before then, as by 2030
there will probably not be a market for used cars with combustion
engines.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">Correspondingly,
the oil industry will consider the perspectives and further scale down
investments. The activity level is already so low that one needs to look almost
70 years back, to 1950, to see a year in which so few new oil discoveries were
made.<O:P></O:P></SPAN></P>
<BLOCKQUOTE
style="BORDER-BOTTOM: #cccccc 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 18pt; MARGIN: 18pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: #cccccc 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 18pt">
<P
style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; MAX-WIDTH: 21em; BACKGROUND: white"
align=center><SPAN
style="FONT-FAMILY: 'Georgia',serif; COLOR: #242424; FONT-SIZE: 15pt">At
Total, we have anticipated the consequence and, like other major oil
companies, we are headed off the retail market<O:P></O:P></SPAN></P>
<P style="TEXT-ALIGN: center; BACKGROUND: white" class=MsoNormal
align=center><CITE><SPAN
style="TEXT-TRANSFORM: uppercase; FONT-FAMILY: 'Arial',sans-serif; COLOR: #999999; FONT-SIZE: 10.5pt">PATRICK
POUYANNÉ, CEO, TOTAL</SPAN></CITE><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt"><O:P></O:P></SPAN></P></BLOCKQUOTE>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">"What
seemingly very few politicians are aware of is that a ban on selling gasoline-
and diesel-powered cars in 2030, for instance, could prompt a situation where a
large part of the global car fleet will still have combustion engines,
especially in developing countries, but when that time comes, there will no
longer be the same supply of engine fuels on the market because the investors
have disappeared," Pouyanné underscores.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">"At
Total, we have anticipated the consequence and, like other major oil companies,
we are headed off the retail market. In Europe, we only have a network of gas
stations in France, Belgium, the Netherlands and Germany, but here, more than 40
percent of sales will stem from something other than engine fuels," he
adds.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">Two
years ago, Total acquired Maersk Oil from A.P. Møller-Mærsk, and that has proven
to be a good business, Pouyanné informs:<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">"In
just 18 months we have paid off half the buying sum."<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">Total
paid USD 7.45 billion.<O:P></O:P></SPAN></P>
<P style="BACKGROUND: white"><EM><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt">English
Edit: Jonas Sahl Jørgensen</SPAN></EM><SPAN
style="FONT-FAMILY: 'Arial',sans-serif; COLOR: black; FONT-SIZE: 11.5pt"><O:P></O:P></SPAN></P></DIV></DIV></DIV>
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<P class=MsoNormal>Skaff deg <A href="https://aka.ms/ghei36">Outlook for
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<DIV style="FONT: 10pt arial">
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
title=oskar@bellona.no href="mailto:oskar@bellona.no">Oskar Njaa</A> </DIV>
<DIV><B>Sent:</B> Thursday, October 10, 2019 11:40 AM</DIV>
<DIV><B>Subject:</B> FW: Total CEO scolds politicians: "Get it together!"
</DIV></DIV>
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