{"id":18471,"date":"2022-02-23T06:00:52","date_gmt":"2022-02-23T05:00:52","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?page_id=18471"},"modified":"2022-06-09T17:35:35","modified_gmt":"2022-06-09T15:35:35","slug":"major-failure","status":"publish","type":"page","link":"https:\/\/reclaimfinance.org\/site\/en\/major-failure\/","title":{"rendered":"Major Failure"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-none nonhundred-percent-fullwidth hundred-percent-height hundred-percent-height-center-content non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:140px;--awb-padding-bottom:10px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/TheDirtySix-dark-scaled-e1643802350557.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-align-content-space-around fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:100px;--awb-padding-right:20px;--awb-padding-left:20px;--awb-padding-top-medium:0px;--awb-padding-right-medium:0px;--awb-padding-bottom-medium:0px;--awb-padding-left-medium:0px;--awb-padding-top-small:0px;--awb-padding-right-small:0px;--awb-padding-bottom-small:0px;--awb-padding-left-small:0px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:100%;--awb-order-medium:0;--awb-margin-top-medium:0;--awb-spacing-right-medium:1.92%;--awb-margin-bottom-medium:0;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:0;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-font-size:115px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;letter-spacing:;--fontSize:115;line-height:1;\"><strong style=\"color: #ffffff;\">MAJOR<\/strong> <strong><span style=\"color: #ff655d; font-weight: 800;\">FAILURE<\/span><\/strong><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-title title fusion-title-2 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#ffffff;--awb-font-size:150px;\" data-animationType=\"slideInDown\" data-animationDuration=\"0.9\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;letter-spacing:;--fontSize:150;line-height:0.67;\"><span style=\"font-size: 25px; font-family: var(--body_typography-font-family); letter-spacing: var(--body_typography-letter-spacing); color: var(--body_typography-color);\"><span style=\"color: #ffffff;\">Why the European oil and gas majors do<\/span> <span style=\"color: #ff655d;\">NOT <\/span><span style=\"color: #ffffff;\">have a credible climate plan.<\/span><\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:15px;margin-bottom:15px;width:100%;\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:100px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-zoomin\"><a class=\"fusion-no-lightbox\" href=\"#page\" target=\"_self\" aria-label=\"scroll down button\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/scroll-down-button.png\" alt class=\"img-responsive wp-image-18477\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/scroll-down-button-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/scroll-down-button.png 300w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 300px\" \/><\/a><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#FFFFFF;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top-medium:0px;--awb-padding-right-medium:0px;--awb-padding-bottom-medium:0px;--awb-padding-left-medium:0px;--awb-padding-top-small:0px;--awb-padding-right-small:0px;--awb-padding-bottom-small:0px;--awb-padding-left-small:0px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-margin-top-medium:0;--awb-spacing-right-medium:1.92%;--awb-margin-bottom-medium:0;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:0;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><\/div><div class=\"fusion-menu-anchor\" id=\"page\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:40px;--awb-padding-bottom:80px;--awb-margin-bottom:0px;--awb-background-color:#FFFFFF;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:60px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:10px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-1\" style=\"--awb-text-color:#333647;\"><p style=\"font-size: 18px; text-align: left;\"><span style=\"font-size: 18px; line-height: 30px;\">Shell, TotalEnergies, BP, Eni, Equinor and Repsol are the six biggest European oil and gas producers. <\/span><b>All of them claim to have a credible plan <\/b><b>to achieve their net-zero ambitions by 2050. <\/b><span style=\"font-weight: 400;\">These promises resonate with banks, insurers and investors who seek to support so-called \u201cbest in class\u201d and \u201cclimate-aligned\u201d companies.\u00a0<\/span><\/p>\n<p style=\"font-size: 18px; text-align: left;\"><span style=\"font-weight: 400;\">But a new analysis from Reclaim Finance reveals that given their current business strategies and weak climate targets,<\/span><b> the six \u201cmajors\u201d of the European oil and gas industry are not on track to reduce their GHG emissions and<\/b><b> will largely overshoot the remaining 1.5\u00b0C carbon budget.<\/b><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_6 1_6 fusion-one-sixth fusion-column-first\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 4% + 4% + 4% + 4% + 4% ) * 0.16666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:200px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none fusion-animated\" data-animationType=\"fadeIn\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"1498\" height=\"1498\" title=\"bp\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp.png\" alt class=\"img-responsive wp-image-18513\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-1200x1200.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp.png 1498w\" sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 4% + 4% + 4% + 4% + 4% ) * 0.16666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:200px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none fusion-animated\" data-animationType=\"fadeIn\" data-animationDuration=\"0.9\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"1415\" height=\"1415\" title=\"ENI\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI.png\" alt class=\"img-responsive wp-image-18514\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-1200x1200.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI.png 1415w\" sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 4% + 4% + 4% + 4% + 4% ) * 0.16666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:200px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none fusion-animated\" data-animationType=\"fadeIn\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"584\" height=\"584\" alt=\"equinor\" title=\"equinor\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor.png\" class=\"img-responsive wp-image-18515\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor.png 584w\" sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 4% + 4% + 4% + 4% + 4% ) * 0.16666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:200px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-5 hover-type-none fusion-animated\" data-animationType=\"fadeIn\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"1000\" height=\"1000\" alt=\"Repsol SA\" title=\"Repsol-Logo\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Repsol-Logo.png\" class=\"img-responsive wp-image-18516\"\/><\/span><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 4% + 4% + 4% + 4% + 4% ) * 0.16666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:200px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-6 hover-type-none fusion-animated\" data-animationType=\"fadeIn\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"2160\" height=\"2160\" title=\"Shell\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell.png\" alt class=\"img-responsive wp-image-18517\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-1200x1200.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell.png 2160w\" sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_6 1_6 fusion-one-sixth fusion-column-last\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 4% + 4% + 4% + 4% + 4% ) * 0.16666666666667 ) );\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:200px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-7 hover-type-none fusion-animated\" data-animationType=\"fadeIn\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"948\" height=\"948\" alt=\"Total Energies\" title=\"Total Energies\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies.png\" class=\"img-responsive wp-image-18518\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies.png 948w\" sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#333647;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-color:#333647;--awb-bg-color-hover:#333647;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator curved fusion-section-separator-1\" style=\"--awb-spacer-height:99px;--awb-svg-margin-left:1.92%;--awb-svg-margin-right:1.92%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-divider-height:99px;--awb-spacer-padding-top:inherit;--awb-sep-padding:0;--awb-svg-padding:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-curved-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" height=\"100\" viewBox=\"0 0 100 100\" preserveAspectRatio=\"none\" fill=\"rgba(255,255,255,1)\"><path d=\"M0 0 C 50 100 80 100 100 0 Z\"><\/path><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:57px;--awb-padding-bottom:61px;--awb-background-color:#333647;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:20px;--awb-padding-bottom:10px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ff655d;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">A DANGEROUS CARBON BUDGET OVERSHOOT<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-2\"><p style=\"font-size: 18px; line-height: 30px; text-align: left;\" data-fusion-font=\"true\">Committing to distant carbon neutrality targets is not enough to keep global warming below 1.5\u00b0C.<span style=\"font-weight: 400;\"> The pathway to net-zero matters much more than the final destination and none of the majors are currently following the right path. <\/span><\/p>\n<p style=\"font-size: 18px; line-height: 30px; text-align: left;\" data-fusion-font=\"true\">Given that in the short and medium term, the companies remain heavily focused on hydrocarbon production, greenhouse gas emissions will quickly accumulate. Reclaim calculations, based on the six companies\u2019 own projections and data, reveal that <strong>by 2038 at the latest, all six companies will have used up their entire carbon budget to stay below 1.5\u00b0C.<\/strong> <b>By 2050, their carbon budget overshoot spans from 13.6 to 78.7%.<\/b><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:40px;--awb-padding-right:20px;--awb-padding-left:20px;--awb-bg-color:#ffffff;--awb-bg-color-hover:#ffffff;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-margin-bottom-small:0px;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-3\" style=\"--awb-text-color:#ffffff;\"><p style=\"margin-bottom: -30px;\">&#8230;<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:26%;--awb-margin-top-large:0px;--awb-spacing-right-large:7.3846153846154%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:7.3846153846154%;--awb-width-medium:35%;--awb-order-medium:0;--awb-spacing-right-medium:5.4857142857143%;--awb-spacing-left-medium:5.4857142857143%;--awb-width-small:35%;--awb-order-small:0;--awb-spacing-right-small:5.4857142857143%;--awb-spacing-left-small:5.4857142857143%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-4\" style=\"--awb-text-color:#2e3951;\"><p style=\"text-align: left; margin-bottom: -30px;\"><strong>2020<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-2 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:26%;--awb-margin-top-large:0px;--awb-spacing-right-large:7.3846153846154%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:7.3846153846154%;--awb-width-medium:35%;--awb-order-medium:0;--awb-spacing-right-medium:5.4857142857143%;--awb-spacing-left-medium:5.4857142857143%;--awb-width-small:35%;--awb-order-small:0;--awb-spacing-right-small:5.4857142857143%;--awb-margin-bottom-small:0px;--awb-spacing-left-small:5.4857142857143%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-5\" style=\"--awb-text-color:#2e3951;\"><p style=\"margin-bottom: -30px; text-align: left;\"><strong>2030<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:26%;--awb-margin-top-large:0px;--awb-spacing-right-large:7.3846153846154%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:7.3846153846154%;--awb-width-medium:35%;--awb-order-medium:0;--awb-spacing-right-medium:5.4857142857143%;--awb-spacing-left-medium:5.4857142857143%;--awb-width-small:35%;--awb-order-small:0;--awb-spacing-right-small:5.4857142857143%;--awb-margin-bottom-small:0px;--awb-spacing-left-small:5.4857142857143%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-6\" style=\"--awb-text-color:#2e3951;\"><p style=\"text-align: right; margin-bottom: -30px;\"><strong>2050<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-4 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-margin-bottom-small:0px;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7\" style=\"--awb-text-color:#ffffff;\"><p style=\"margin-bottom: -30px;\">&#8230;<\/p>\n<\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-5 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:50px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-8 hover-type-none\"><img decoding=\"async\" width=\"1498\" height=\"1498\" title=\"bp\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp.png\" alt class=\"img-responsive wp-image-18513\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp-1200x1200.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp.png 1498w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-6 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:11px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:70%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:0%;--awb-width-small:70%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-progressbar fusion-progressbar-text-on-bar\" style=\"--awb-filledcolor:#f44336;--awb-unfilledcolor:#e5e5e5;\"><div class=\"fusion-progressbar-bar progress-bar progress-striped\"><div class=\"progress progress-bar-content\" style=\"width:0%;\" role=\"progressbar\" aria-labelledby=\"awb-progressbar-label-1\" aria-valuemin=\"0\" aria-valuemax=\"100\" aria-valuenow=\"43\"><\/div><\/div> <span class=\"progress-title\" style=\"right: calc(15px + 57%);\"><span class=\"fusion-progressbar-text\" id=\"awb-progressbar-label-1\">Overshoot from 2033<\/span> <\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-7 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:20px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:0%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-8\" style=\"--awb-content-alignment:center;--awb-text-color:#333647;\"><p><strong>+50.9%<\/strong><\/p>\n<\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-8 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:50px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-9 hover-type-none\"><img decoding=\"async\" width=\"1415\" height=\"1415\" title=\"ENI\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI.png\" alt class=\"img-responsive wp-image-18514\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI-1200x1200.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI.png 1415w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-9 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:11px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:70%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:0%;--awb-width-small:70%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-progressbar fusion-progressbar-text-on-bar\" style=\"--awb-filledcolor:#f44336;--awb-unfilledcolor:#e5e5e5;\"><div class=\"fusion-progressbar-bar progress-bar progress-striped\"><div class=\"progress progress-bar-content\" style=\"width:0%;\" role=\"progressbar\" aria-labelledby=\"awb-progressbar-label-2\" aria-valuemin=\"0\" aria-valuemax=\"100\" aria-valuenow=\"60\"><\/div><\/div> <span class=\"progress-title\" style=\"right: calc(15px + 40%);\"><span class=\"fusion-progressbar-text\" id=\"awb-progressbar-label-2\">2038<\/span> <\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-10 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:20px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:0%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-9\" style=\"--awb-content-alignment:center;--awb-text-color:#333647;\"><p><strong>+13.6%<\/strong><\/p>\n<\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-11 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:50px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-10 hover-type-none\"><img decoding=\"async\" width=\"584\" height=\"584\" alt=\"equinor\" title=\"equinor\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor.png\" class=\"img-responsive wp-image-18515\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor.png 584w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 584px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-12 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:11px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:70%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:0%;--awb-width-small:70%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-progressbar fusion-progressbar-text-on-bar\" style=\"--awb-filledcolor:#f44336;--awb-unfilledcolor:#e5e5e5;\"><div class=\"fusion-progressbar-bar progress-bar progress-striped\"><div class=\"progress progress-bar-content\" style=\"width:0%;\" role=\"progressbar\" aria-labelledby=\"awb-progressbar-label-3\" aria-valuemin=\"0\" aria-valuemax=\"100\" aria-valuenow=\"57\"><\/div><\/div> <span class=\"progress-title\" style=\"right: calc(15px + 43%);\"><span class=\"fusion-progressbar-text\" id=\"awb-progressbar-label-3\">2037<\/span> <\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-13 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:20px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:0%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-10\" style=\"--awb-content-alignment:center;--awb-text-color:#333647;\"><p><strong>+25.6%<\/strong><\/p>\n<\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-14 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:50px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-11 hover-type-none\"><img decoding=\"async\" width=\"1000\" height=\"1000\" alt=\"Repsol SA\" title=\"Repsol-Logo\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Repsol-Logo.png\" class=\"img-responsive wp-image-18516\"\/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-15 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:11px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:70%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:0%;--awb-width-small:70%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-progressbar fusion-progressbar-text-on-bar\" style=\"--awb-filledcolor:#f44336;--awb-unfilledcolor:#e5e5e5;\"><div class=\"fusion-progressbar-bar progress-bar progress-striped\"><div class=\"progress progress-bar-content\" style=\"width:0%;\" role=\"progressbar\" aria-labelledby=\"awb-progressbar-label-4\" aria-valuemin=\"0\" aria-valuemax=\"100\" aria-valuenow=\"43\"><\/div><\/div> <span class=\"progress-title\" style=\"right: calc(15px + 57%);\"><span class=\"fusion-progressbar-text\" id=\"awb-progressbar-label-4\">2033<\/span> <\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-16 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:20px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:0%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-11\" style=\"--awb-content-alignment:center;--awb-text-color:#333647;\"><p><strong>+78.7%<\/strong><\/p>\n<\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-17 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:50px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-12 hover-type-none\"><img decoding=\"async\" width=\"2160\" height=\"2160\" title=\"Shell\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell.png\" alt class=\"img-responsive wp-image-18517\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell-1200x1200.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell.png 2160w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-18 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:11px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:70%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:0%;--awb-width-small:70%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-progressbar fusion-progressbar-text-on-bar\" style=\"--awb-filledcolor:#f44336;--awb-unfilledcolor:#e5e5e5;\"><div class=\"fusion-progressbar-bar progress-bar progress-striped\"><div class=\"progress progress-bar-content\" style=\"width:0%;\" role=\"progressbar\" aria-labelledby=\"awb-progressbar-label-5\" aria-valuemin=\"0\" aria-valuemax=\"100\" aria-valuenow=\"47\"><\/div><\/div> <span class=\"progress-title\" style=\"right: calc(15px + 53%);\"><span class=\"fusion-progressbar-text\" id=\"awb-progressbar-label-5\">2034<\/span> <\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-19 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:20px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:0%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-12\" style=\"--awb-content-alignment:center;--awb-text-color:#333647;\"><p><strong>+40.9%<\/strong><\/p>\n<\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-20 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:19.2%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:12.8%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:12.8%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:50px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-13 hover-type-none\"><img decoding=\"async\" width=\"948\" height=\"948\" alt=\"Total Energies\" title=\"Total Energies\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies.png\" class=\"img-responsive wp-image-18518\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies.png 948w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 948px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-21 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:11px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:70%;--awb-order-medium:0;--awb-spacing-right-medium:0%;--awb-spacing-left-medium:0%;--awb-width-small:70%;--awb-order-small:0;--awb-spacing-right-small:0%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-progressbar fusion-progressbar-text-on-bar\" style=\"--awb-filledcolor:#f44336;--awb-unfilledcolor:#e5e5e5;\"><div class=\"fusion-progressbar-bar progress-bar progress-striped\"><div class=\"progress progress-bar-content\" style=\"width:0%;\" role=\"progressbar\" aria-labelledby=\"awb-progressbar-label-6\" aria-valuemin=\"0\" aria-valuemax=\"100\" aria-valuenow=\"50\"><\/div><\/div> <span class=\"progress-title\" style=\"right: calc(15px + 50%);\"><span class=\"fusion-progressbar-text\" id=\"awb-progressbar-label-6\">2035<\/span> <\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-22 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:10%;--awb-margin-top-large:20px;--awb-spacing-right-large:19.2%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0%;--awb-width-medium:15%;--awb-order-medium:0;--awb-spacing-right-medium:12.8%;--awb-spacing-left-medium:0%;--awb-width-small:15%;--awb-order-small:0;--awb-spacing-right-small:12.8%;--awb-spacing-left-small:0%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-13\" style=\"--awb-content-alignment:center;--awb-text-color:#333647;\"><p><strong>+31.8%<\/strong><\/p>\n<\/div><\/div><\/div><\/div><div class=\"fusion-title title fusion-title-4 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#3e3e3e;--awb-margin-top:15px;--awb-margin-bottom:20px;--awb-font-size:16px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:16;--minFontSize:16;line-height:1.4;\"><p style=\"text-align: center;\">The six majors will overshoot their 1.5\u00b0C carbon budget by 2038 at the latest.<\/p><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:80px;--awb-padding-bottom:40px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-14 hover-type-none fusion-animated\" data-animationType=\"slideInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"2560\" height=\"871\" title=\"Visuel page major\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Visuel-page-major.png\" alt class=\"img-responsive wp-image-19660\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Visuel-page-major-200x68.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Visuel-page-major-400x136.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Visuel-page-major-600x204.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Visuel-page-major-800x272.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Visuel-page-major-1200x408.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Visuel-page-major.png 2560w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-14\" style=\"--awb-text-color:#333647;\"><p><b>To meet their emission targets, the oil and gas companies need to drastically curb oil and gas production and transition to renewable energy, but that is not what they are doing. <\/b>According to Reclaim Finance\u2019s findings, oil and production levels remain very high, and at least three majors &#8211; ENI, Equinor and Total Energies &#8211; plan to increase production levels by 2030, compared with 2016 levels. And the future is not looking much brighter: unless the companies commit to stop developing new oil and gas projects in the near future, production levels will remain too high to align with 1.5\u00b0C and will vastly overshadow renewable energy production.<b> In 2030, company data shows that renewable energy will account for less than a quarter of each major&rsquo;s energy mix<\/b>.<\/p>\n<p>TotalEnergies&rsquo; projections show the most worrying trend. In 2030, TotalEnergies plans to produce 47% more oil and gas production than in 2015, when nations across the world adopted the Paris Climate Agreement. Not only does this dwarf the major&rsquo;s efforts to increase renewable energy production, <b>it is incompatible with what climate science requires. <\/b>According to the United Nations 2021 Production Gap Report, global oil and gas production must start declining by 4% and 3% respectively each year over this decade to stay below 1.5\u00b0C.<\/p>\n<p><b>The recent decision by some of the majors to walk away from their Russian operations could help drastically reduce their fossil fuel production levels. <\/b>Will they decide to align with 1.5\u00b0C or simply replace these operations with more oil and gas production elsewhere?<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#333647;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:70px;--awb-padding-bottom:90px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-5 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ff655d;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><p style=\"text-align: center;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">INVESTING IN AN OIL &amp; GAS FUTURE<\/span><\/p><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-15\" style=\"--awb-text-color:#ffffff;\"><p style=\"font-size: 18px; text-align: left;\"><span style=\"font-size: 18px; line-height: 30px;\">In 2021, the International Energy Agency (IEA), the world\u2019s most influential source of energy projections, released a net-zero scenario and drew a red line<\/span><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">oil and gas expansion must stop now in order to limit global warming to +1.5\u00b0C. This means that there is no room left in our carbon budget beyond 2021 to develop and invest in new oil and gas fields.\u00a0<\/span><\/p>\n<p style=\"font-size: 18px; text-align: left;\"><span style=\"font-size: 18px; line-height: 30px;\">Yet, all six European majors are currently developing new oil and gas projects. They also hold many more reserves that could enter into production at a later stage, and are even investing in exploration, looking to discover even more reserves. None of this new oil and gas is compatible with a 1.5\u00b0C future.\u00a0<\/span><\/p>\n<\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:10px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-16\"><div class=\"map_wrapper\" id=\"map_wrapper_18781\">\n<div class=\"map_box\" style=\"max-width:2200px\">\n<div class=\"map_aspect_ratio\" style=\"padding-top:75%\" data-padding-top=\"75%\" data-padding-top-mobile=\"\">\n<div class=\"map_container\">\n<div class=\"map_render map_loading\" id=\"map_18781\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-16 fusion_builder_column_2_5 2_5 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:40%;--awb-margin-top-large:0px;--awb-spacing-right-large:4.8%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:4.8%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-6 fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#ff655d;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left fusion-no-large-visibility fusion-no-medium-visibility fusion-no-small-visibility\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer fusion-no-large-visibility fusion-no-medium-visibility fusion-no-small-visibility\"><\/span><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><p style=\"text-align: left;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600; margin: 0px;\">MAJORS ARE ALLOCATING 60% TO 90% OF THEIR INVESTMENTS TO OIL AND GAS<\/span><\/p>\n<div><\/div><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-17 fusion_builder_column_3_5 3_5 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:60%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.2%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.2%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-17\" style=\"--awb-text-color:#ffffff;\"><p style=\"font-size: 18px; text-align: left;\"><span style=\"font-size: 18px; line-height: 30px;\" data-fusion-font=\"true\"><span style=\"font-weight: 400;\">Despite being very vocal about its growing investments in renewable energy, the European oil and gas industry dedicates only a small part of their investment to renewables. In the short term, the six European oil and gas majors plan to spend 60% to 90% of their investment capacity in oil and gas.<\/span> As illustrated above, these investments made today will have longer term consequences on the energy mix.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-9 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-18 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-bottom:66px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator curved fusion-section-separator-2\" style=\"--awb-spacer-height:99px;--awb-svg-margin-left:0%;--awb-svg-margin-right:0%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-divider-height:99px;--awb-spacer-padding-top:inherit;--awb-sep-padding:0;--awb-svg-padding:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-curved-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" height=\"100\" viewBox=\"0 0 100 100\" preserveAspectRatio=\"none\" fill=\"rgba(51,54,71,1)\"><path d=\"M0 0 C 20 100 50 100 100 0 Z\"><\/path><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-10 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-sizes-top:0;--awb-border-sizes-bottom:0;--awb-border-sizes-left:0;--awb-border-sizes-right:0;--awb-border-color:rgba(62,62,62,0);--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-19 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:10px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-7 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ff655d;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><p style=\"text-align: center;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600; margin: 0px;\">THE MAJORS DO NOT HAVE CREDIBLE CLIMATE PLANS<\/span><\/p>\n<div><\/div><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-20 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-flip-boxes flip-boxes row fusion-columns-1 flip-effect-classic equal-heights\" style=\"--awb-flip-duration:2.0s;\"><div class=\"fusion-flip-box-wrapper fusion-column col-lg-12 col-md-12 col-sm-12\"><div class=\"fusion-flip-box flip-up\" tabindex=\"0\"><div class=\"flip-box-inner-wrapper\"><div class=\"flip-box-front\" style=\"--awb-border-size:4px;--awb-background-color-front:#333647;--awb-text-front-color:#ffffff;\"><div class=\"flip-box-front-inner\"><div class=\"flip-box-grafix flip-box-image\"><img decoding=\"async\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/bp.png\" width=\"150\" height=\"150\" alt=\"\" \/><\/div> BP\u2019s current strategy is incompatible with 1.5\u00b0C.<\/div><\/div><div class=\"flip-box-back\" style=\"--awb-border-size:4px;--awb-background-color-back:#ff655c;\"><div class=\"flip-box-back-inner\"><h3 class=\"flip-box-heading-back\"> <\/h3>\n<p style=\"min-height: 370px;\"><span style=\"font-weight: 400;\">BP is the 3rd biggest European oil and gas developer and the 10th largest globally. Oil and gas will still make up 73% of the company\u2019s investments in the near term and in 2030, renewables will represent less than 25% of its energy mix. Even though the company has pledged to reach carbon neutrality in 2050, by then, BP will have emitted 51% more GHG than its share of the remaining 1.5\u00b0C carbon budget. The overshoot will start as soon as 2033, if not earlier. <a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/BP-company-briefing-March-2022.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Click here for more<\/strong><\/a><\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-21 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-flip-boxes flip-boxes row fusion-columns-1 flip-effect-classic equal-heights\" style=\"--awb-flip-duration:2.0s;\"><div class=\"fusion-flip-box-wrapper fusion-column col-lg-12 col-md-12 col-sm-12\"><div class=\"fusion-flip-box flip-left\" tabindex=\"0\"><div class=\"flip-box-inner-wrapper\"><div class=\"flip-box-front\" style=\"--awb-border-size:4px;--awb-background-color-front:#333647;--awb-text-front-color:#ffffff;\"><div class=\"flip-box-front-inner\"><div class=\"flip-box-grafix flip-box-image\"><img decoding=\"async\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/ENI.png\" width=\"150\" height=\"150\" alt=\"\" \/><\/div><h2 class=\"flip-box-heading\"> <\/h2>ENI\u2019s current strategy is incompatible with 1.5\u00b0C.<\/div><\/div><div class=\"flip-box-back\" style=\"--awb-border-size:4px;--awb-background-color-back:#ff655c;--awb-text-back-color:#ffffff;\"><div class=\"flip-box-back-inner\"><h3 class=\"flip-box-heading-back\"> <\/h3>\n<p><span style=\"font-weight: 400;\">ENI is the 5th biggest European oil and gas developer and the 19th largest globally. Oil and gas will still make up 78% of the company\u2019s investments in the near term and in 2030, renewables will represent less than 10<\/span><span style=\"font-weight: 400;\">% of its e<\/span><span style=\"font-weight: 400;\">nergy mix. Even though the company has pledged to reach carbon neutrality in 2050, by then, ENI will have emitted 13.6% more GHG than its share of the remaining carbon budget to limit global warming to 1.5\u00b0C. The overshoot will start in 2038, if not earlier. <a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/05\/ENI-company-briefing-March-2022_update-20-Apr.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Click here for more<\/strong><\/a><\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-22 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-flip-boxes flip-boxes row fusion-columns-1 flip-effect-classic equal-heights\" style=\"--awb-flip-duration:2.0s;\"><div class=\"fusion-flip-box-wrapper fusion-column col-lg-12 col-md-12 col-sm-12\"><div class=\"fusion-flip-box flip-up\" tabindex=\"0\"><div class=\"flip-box-inner-wrapper\"><div class=\"flip-box-front\" style=\"--awb-border-size:4px;--awb-text-front-color:#ffffff;\"><div class=\"flip-box-front-inner\"><div class=\"flip-box-grafix flip-box-image\"><img decoding=\"async\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/equinor.png\" width=\"150\" height=\"150\" alt=\"equinor\" \/><\/div><h2 class=\"flip-box-heading\"> <\/h2>Equinor\u2019s current strategy is incompatible with 1.5\u00b0C. <\/div><\/div><div class=\"flip-box-back\" style=\"--awb-border-size:4px;--awb-background-color-back:#ff655c;\"><div class=\"flip-box-back-inner\"><h3 class=\"flip-box-heading-back\"> <\/h3>\n<p style=\"min-height: 370px;\"><span style=\"font-weight: 400;\">Equinor is the 4th biggest European oil and gas developer and the 13th largest globally. Oil and gas will still make up 83% of the company\u2019s investments in the near term and in 2030, renewables will represent less than 10% of its energy mix. Even though the company has pledged to reach carbon neutrality in 2050, by then, Equinor will have emitted about 25.6% more GHG than its share of the remaining carbon budget to limit global warming to 1.5\u00b0C. The overshoot will start as soon as 2037, if not earlier.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-23 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-flip-boxes flip-boxes row fusion-columns-1 flip-effect-classic equal-heights\" style=\"--awb-flip-duration:2.0s;\"><div class=\"fusion-flip-box-wrapper fusion-column col-lg-12 col-md-12 col-sm-12\"><div class=\"fusion-flip-box flip-left\" tabindex=\"0\"><div class=\"flip-box-inner-wrapper\"><div class=\"flip-box-front\" style=\"--awb-border-size:4px;--awb-background-color-front:#333647;--awb-text-front-color:#ffffff;\"><div class=\"flip-box-front-inner\"><div class=\"flip-box-grafix flip-box-image\"><img decoding=\"async\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Repsol-Logo.png\" width=\"150\" height=\"150\" alt=\"Repsol SA\" \/><\/div><h2 class=\"flip-box-heading\"> <\/h2>Repsol\u2019s current strategy is incompatible with 1.5\u00b0C.<\/div><\/div><div class=\"flip-box-back\" style=\"--awb-border-size:4px;--awb-background-color-back:#ff655c;--awb-text-back-color:#ffffff;\"><div class=\"flip-box-back-inner\"><h3 class=\"flip-box-heading-back\"> <\/h3>\n<p style=\"min-height: 400px;\"><span style=\"font-weight: 400;\">Repsol is the 7th biggest European oil and gas developer and the 61st largest globally. Oil and gas will still make up 65% of the company\u2019s investments in the near term and in 2030 renewables will represent less than 25% of its energy mix. Even though the company has pledged to reach carbon neutrality in 2050, by then, Repsol will have emitted 78.7% more GHG than its share of the remaining carbon budget to limit global warming to 1.5\u00b0C. The overshoot will start as soon as 2033, if not earlier. <\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-24 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-flip-boxes flip-boxes row fusion-columns-1 flip-effect-classic equal-heights\" style=\"--awb-flip-duration:2.0s;\"><div class=\"fusion-flip-box-wrapper fusion-column col-lg-12 col-md-12 col-sm-12\"><div class=\"fusion-flip-box flip-up\" tabindex=\"0\"><div class=\"flip-box-inner-wrapper\"><div class=\"flip-box-front\" style=\"--awb-border-size:4px;--awb-background-color-front:#333647;--awb-text-front-color:#ffffff;\"><div class=\"flip-box-front-inner\"><div class=\"flip-box-grafix flip-box-image\"><img decoding=\"async\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Shell.png\" width=\"150\" height=\"150\" alt=\"\" \/><\/div><h2 class=\"flip-box-heading\"> <\/h2>Shell\u2019s current strategy is incompatible with 1.5\u00b0C.<\/div><\/div><div class=\"flip-box-back\" style=\"--awb-border-size:4px;--awb-background-color-back:#ff655c;\"><div class=\"flip-box-back-inner\"><h3 class=\"flip-box-heading-back\"> <\/h3>\n<p style=\"min-height: 400px;\"><span style=\"font-weight: 400;\">Shell is the 2nd biggest European oil and gas developer and the 9th largest globally. Oil and gas will still make up 89% of the company\u2019s investments in the near term and in 2030 renewables will represent less than 25% of its energy mix. Even though the company has pledged to reach carbon neutrality in 2050, by then, Shell will have emitted 41% more GHG than its share of the remaining carbon budget to limit global warming to 1.5\u00b0C. The overshoot will start as soon as 2034, if not earlier. <a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Shell-company-briefing-March-2022.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Click here for more<\/strong><\/a><\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-25 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-flip-boxes flip-boxes row fusion-columns-1 flip-effect-classic equal-heights\" style=\"--awb-flip-duration:2.0s;\"><div class=\"fusion-flip-box-wrapper fusion-column col-lg-12 col-md-12 col-sm-12\"><div class=\"fusion-flip-box flip-left\" tabindex=\"0\"><div class=\"flip-box-inner-wrapper\"><div class=\"flip-box-front\" style=\"--awb-border-size:4px;--awb-background-color-front:#333647;--awb-text-front-color:#ffffff;\"><div class=\"flip-box-front-inner\"><div class=\"flip-box-grafix flip-box-image\"><img decoding=\"async\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Total-Energies.png\" width=\"150\" height=\"150\" alt=\"Total Energies\" \/><\/div><h2 class=\"flip-box-heading\"> <\/h2>TotalEnergies' current strategy is incompatible with 1.5\u00b0C.<\/div><\/div><div class=\"flip-box-back\" style=\"--awb-border-size:4px;--awb-background-color-back:#ff655c;--awb-text-back-color:#ffffff;\"><div class=\"flip-box-back-inner\"><h3 class=\"flip-box-heading-back\"> <\/h3>\n<p style=\"min-height: 400px;\"><span style=\"font-weight: 400;\">TotalEnergies is the top European oil and gas developer and the 7th largest globally. Oil and gas will still make up 75% of the company\u2019s investments in the near term and in 2030, renewables will represent less than 15% of the energy mix. Even though the company has pledged to reach carbon neutrality in 2050, by then, TotalEnergies will have emitted 31.8% more GHG than its share of the remaining carbon budget to limit global warming to 1.5\u00b0C. The overshoot will start as soon as 2035, if not earlier. <a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/TotalEnergies-company-briefing-March-2022.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Click here for more<\/strong><\/a><\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-11 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-bottom:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#333647;--awb-flex-wrap:wrap;\" data-animationType=\"flash\" data-animationDuration=\"0.3\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-26 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator curved fusion-section-separator-3\" style=\"--awb-spacer-height:99px;--awb-svg-margin-left:1.92%;--awb-svg-margin-right:1.92%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-divider-height:99px;--awb-spacer-padding-top:inherit;--awb-sep-padding:0;--awb-svg-padding:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-curved-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" height=\"100\" viewBox=\"0 0 100 100\" preserveAspectRatio=\"none\" fill=\"rgba(255,255,255,1)\"><path d=\"M0 0 C 20 100 50 100 100 0 Z\"><\/path><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:15px;margin-bottom:15px;width:100%;\"><\/div><div class=\"fusion-title title fusion-title-8 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ff655d;--awb-margin-top:15px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><p style=\"text-align: center;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">THE KEYS TO A CREDIBLE NET-ZERO PLAN<\/span><\/p><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-18\" style=\"--awb-text-color:#ffffff;\"><p style=\"font-size: 18px; text-align: left;\"><span style=\"font-size: 18px; line-height: 30px;\" data-fusion-font=\"true\"><span style=\"font-weight: 400;\">More than 450 banks, insurers and investors worldwide have joined one or more of the alliances and initiatives that make up the Glasgow Financial Alliance for Net Zero (GFANZ). All the GFANZ members have pledged to reach net zero emissions from their clients by 2050, and to halve emissions by 2030. To meet these commitments, financial institutions will need to take drastic and rapid action to stop fossil fuel expansion and then reduce production. Financial institutions must draw up clear redlines and expectations for the oil and gas industry, to ensure oil and gas majors are aligned with global climate goals.<\/span><\/span><\/p>\n<\/div><div class=\"fusion-image-element \" style=\"text-align:center;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-15 hover-type-none\"><img decoding=\"async\" width=\"1024\" height=\"480\" title=\"MAJOR-WEB-2 copie@2x\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/MAJOR-WEB-2-copie@2x-1-1024x480.png\" alt class=\"img-responsive wp-image-19357\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/MAJOR-WEB-2-copie@2x-1-200x94.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/MAJOR-WEB-2-copie@2x-1-400x188.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/MAJOR-WEB-2-copie@2x-1-600x281.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/MAJOR-WEB-2-copie@2x-1-800x375.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/MAJOR-WEB-2-copie@2x-1-1200x563.png 1200w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-12 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:60px;--awb-padding-right:20px;--awb-padding-bottom:60px;--awb-padding-left:20px;--awb-margin-bottom:0px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-27 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-9 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ff655d;--awb-font-size:42px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:42;line-height:1.02;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">FIND OUT MORE<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-28 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-margin-top:35px;--awb-margin-right:35px;--awb-margin-bottom:35px;--awb-margin-left:35px;--awb-max-width:150px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-16 hover-type-none\"><img decoding=\"async\" width=\"647\" height=\"647\" title=\"Icone1_Dataset2\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone1_Dataset2.png\" alt class=\"img-responsive wp-image-19064\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone1_Dataset2-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone1_Dataset2-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone1_Dataset2-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone1_Dataset2.png 647w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/span><\/div><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#8fc84c;--button-border-radius-top-left:25px;--button-border-radius-top-right:25px;--button-border-radius-bottom-right:25px;--button-border-radius-bottom-left:25px;--button_gradient_top_color:#333647;--button_gradient_bottom_color:#333647;--button_gradient_top_color_hover:#ff655c;--button_gradient_bottom_color_hover:#ff655c;\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/06\/Reclaim-Finance-Dataset-MAJORS-PROJECTS_Russia-updated_lecture-seule_ONLINEVERSION_v09June22.xlsx\"><span class=\"fusion-button-text\">FULL DATASET<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-29 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-margin-top:35px;--awb-margin-right:35px;--awb-margin-bottom:35px;--awb-margin-left:35px;--awb-max-width:150px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-17 hover-type-none\"><img decoding=\"async\" width=\"647\" height=\"647\" title=\"Icone2_Investisseurs2\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone2_Investisseurs2.png\" alt class=\"img-responsive wp-image-19065\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone2_Investisseurs2-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone2_Investisseurs2-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone2_Investisseurs2-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/02\/Icone2_Investisseurs2.png 647w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/span><\/div><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-2 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#8fc84c;--button-border-radius-top-left:25px;--button-border-radius-top-right:25px;--button-border-radius-bottom-right:25px;--button-border-radius-bottom-left:25px;--button_gradient_top_color:#333647;--button_gradient_bottom_color:#333647;--button_gradient_top_color_hover:#ff655d;--button_gradient_bottom_color_hover:#ff655d;\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2022\/03\/Company-Briefings-Total-BP-Shell-and-ENI-March-2022.pdf\"><span class=\"fusion-button-text\">COMPANY BRIEFINGS<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-30 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" 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class=\"fusion-button-text\">ARTICLE<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":28,"featured_media":19389,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"programme":[],"class_list":["post-18471","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Major Failure - Reclaim Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reclaimfinance.org\/site\/en\/major-failure\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Failure - Reclaim Finance\" \/>\n<meta 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