The Shareholders’ Newsletter #62 - Spring 2020

Your Questions

YOUR QUESTIONS

At Total, our priority is to keep you informed through listening and dialog on a daily basis. These questions are your questions.

Diesel vehicle sales continue to drop in Europe, what are the potential consequences for Total?

Europe today does not produce enough diesel to meet demand and has to import, despite numerous investments made by European refiners to maximize diesel production. It will take time before the effects of the recent drop in diesel vehicle sales to the benefit of gasoline-powered vehicles on the diesel consumption of the entire car fleet, become apparent. Moreover this trend mostly concerns light vehicles, whereas the demand for diesel continues to rise in the goods transportation (heavy goods vehicles and maritime transportation) and aviation sectors. The situation in Europe will therefore be a lack of diesel and an excess of gasoline for the foreseeable future.

Are your investments in renewables: just for show?

No, they are not just for show. Total integrates climate into its strategy and develops sizeable and profitable activity in low-carbon electricity, produced using natural gas and renewables. The Group invests 1.5 to 2 billion dollars per year in this sector. Low-carbon electricity should represent 15 to 20% of the Total energy mix in 2040. The Group relies on its affiliates to boost its commitment to renewable energies. Total Quadran for example, is already operating a portfolio of 213 on land wind turbine, solar, hydroelectrical and biogas assets in France. In Asia-Pacific, Africa and Latin America, Total Eren (in which Total holds almost a 30% interest) has a set of diversified assets including wind, solar and hydraulic energy. Total Solar International has just announced the construction of the first large-scale solar power plant in Qatar and its entry into the Spanish solar energy market. In India, Total has extended its partnership with Adani to renewables (cf. Latest News page). The Group is well on track to reach its objective of 25 GW of installed power generation capacity from renewable sources by 2025. 

(For further information, read the Climate report).

I’m a shareholder with registered shares, how can I receive my notification to the Annual Shareholders’ meeting by e-mail?

If you are a shareholder with registered shares, you can receive your notification to the Annual Shareholders’ Meeting by e-mail and take advantage of the simple, safe and faster system available to you.

Join the 19,000 shareholders who have already opted for this system by subscribing to the e-notification from your personal space on the Sharinbox site. 

Simply log on to www.sharinbox.societegenerale.com then go to “My account > my e-services and check the box “E-notification to the Annual Shareholders’ Meetings”. Make sure that your e-mail address is up to date in my account > my profile.

If you want to receive e-notifications as from this year for the next Annual Shareholder’s meeting to be held on May 29, 2020, you have until April 24, 2020 to submit your e-notification request.