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

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

[1]Two polar bears walk on snow covered ground


[ [link removed] ] Sign the petition 

   
John,

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

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

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

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

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

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

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

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

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

[ [link removed] ]Sign now: investors use green finance to create climate solutions not
fund climate destruction.

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

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



[ [link removed] ] Sign the petition 



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


More information:

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

 

 

SumOfUs is a worldwide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy.

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