French oil major TotalEnergies said on Thursday it may reassess its ambition to reach carbon neutrality by 2050, citing the slow pace of the global energy transition.
The company said the world is currently not on track to meet the carbon-neutrality goals set under the Paris Agreement, which aims to limit global warming by sharply reducing emissions by mid-century.
In its annual sustainability report, TotalEnergies noted that although societies have begun transitioning toward cleaner energy, progress remains too slow to collectively achieve net-zero emissions by 2050.
The group said its own climate ambitions will therefore need to adapt to evolving realities in the global energy system.
According to the company, achieving carbon neutrality will depend heavily on technological innovation, supportive government policies and shifts in consumer behaviour.
TotalEnergies also said it cannot currently adopt a transition plan under the European Union reporting standards that define formal net-zero targets.
The company reported emissions of about 368 million metric tons of CO₂ equivalent in 2025, largely from so-called Scope 3 emissions generated when customers burn its fuel products.
That figure was down from 376 million metric tons in 2024 and remains within the company’s target of keeping emissions below 400 million tons through 2030.
Other European oil majors, including BP and Shell, have also tied their net-zero ambitions to the pace at which global demand shifts away from hydrocarbons.
TotalEnergies said the path to carbon neutrality will need to be reassessed over time as the global energy transition evolves.