By Giulia Petroni

TotalEnergies SE on Thursday set out a roadmap to reduce greenhouse-gas emissions by 2030, including targets related to methane and petroleum products sold.

The French oil-and-gas major said it aims to reduce methane emissions on operated facilities by 50% by 2025 and 80% by 2030 compared to 2020 levels. Routine flaring is expected to end by 2030.

The company also aims to cut Scope 3 emissions from petroleum products sold by more than 30% by 2030 compared to 2015 levels. Scope 1 and Scope 2 emissions--or emissions resulting from operations and energy purchases--will be reduced by more than 40% by 2030.

By the end of the decade, TotalEnergies said oil will account for 30% of its sales mix. Gas will represent 50% of the mix, while electricity will account for 15%. The rest will be made up of biogas, biofuels, hydrogen and e-fuels.

The company targets an increase in electricity production to around 120 terawatt hours in 2030 from 21 TWh in 2021, as well as 100 gigawatts of gross renewable capacity, it said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

March 24, 2022 09:55 ET (13:55 GMT)

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