TotalEnergies Nigeria has restated its commitment to align with the National aspirations for maximising existing energies and evolutions that are necessary in the coming years.
It however advised that the oil and gas industry must address the concerns over its contribution to climate change, stating that the production and use of energy contribute to greenhouse gas emissions. Therefore, meeting the climate challenge will mean embarking on energy transition, such as transforming the way we produce and use energy.
The company stated this at the ongoing Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers – Nigeria Council, taking place in Lagos
The company stated that it believes that climate change is a reality and requires the collective mobilisation of society. “The 2015 Paris Agreement generated a groundswell of awareness of the climate emergency. The target recommended by the experts is a carbon-neutral society by 2050. This is a demanding goal that we must all, collectively, commit to.”
“Since 2015, TotalEnergies has steered a determined course to new energies, in line with our ambition to provide energy that is reliable, affordable, and clean.
This means that the future of energy is changing and, if we must remain relevant in the energy market of the future, then we must continue to adapt. Together with society, we are adapting to a world-class player in the energy transition with a target of net-zero carbon emissions by 2050,” the company stated.
TotalEnergies said this decade (2020-2030) will be a decade of change for it, as it transform into a broad energy company. “Our Company’s production and sales mix will be evolving such that by 2030: 50% gas; 35% oil and liquid biofuels; 15% electricity, mostly renewable. By 2050, the mix be 40% renewable power, 40% gas and 20% liquid products.”
According to Mike Sangster, the country chair Total Nigeria and managing director of Total E and P Nigeria Limited, he said, the third leg of the trilogy is global oil market innovation which he believes will fuel the engine of the energy transition.
“We are a service industry which must adopt the principles of strategic customer relationship management in meeting the energy needs of our world sustainably. There is no other industry better positioned than ours to lead the crusade to clean energy and carbon neutrality. We have the technology; we have the capability; we have the people. We must use all these to achieve the market innovation which strikes a balance between meeting the energy needs of a growing world population and meeting same in a sustainable, carbon-neutral manner without degrading the public health situation of our people.”
Speaking on the COVID-19 pandemic which hit the world in 2020, he said the situation has redefined a lot of parameters as we have always known them. For instance, the pandemic has proved that our people could work remotely and still achieve set targets. The pandemic has also exposed the fragility of the public health infrastructure of countries all over the world.
He said the relationship between climate change and public health is clear enough.That is why our industry must address the concerns over our contribution to climate change. The production and use of energy contribute to greenhouse gas emissions. Therefore, meeting the climate challenge will mean embarking on energy transition, i.e. transforming the way we produce and use energy.