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Oil Giant Total Acknowledges Changes Necessary to Meet Global Climate Agreement


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Oil Giant Total Acknowledges Changes Necessary to Meet Global Climate Agreement

WASHINGTON - French oil giant Total released a report yesterday recognizing the need to change its strategy to meet the global climate agreement set in Paris last year and remain consistent with the International Energy Agency’s two degree celsius scenario.

Included in Total’s plan is reducing its exposure to tar sands oil development, refusing oil exploration and development in the Arctic, and applying an internal cost of carbon when evaluating investments.

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