OGDC Charter Relayed by TotalEnergies: 35 Signatories Fund Their Goals
TotalEnergies relayed on November 10, 2026, on the sidelines of COP31 in Antalya, the 2026 progress report of the Oil & Gas Decarbonization Charter (OGDC), of which Patrick Pouyanné is one of the champions. The document measures, for signatory companies, the move from emissions reduction targets to their implementation and financing.
Ambitions, Plans, Capital: The OGDC Report Quantifies Each Stage
Launched at COP28 in Dubai and implemented by the Oil and Gas Climate Initiative (OGCI), the charter brings together companies operating in more than 100 countries and representing about one-third of global oil and gas production. The report, entitled “Strengthening Delivery”, covers Scope 1 and Scope 2 emissions.
Of the 56 signatories that were members during the period covered, 52 reported data, compared with 50 a year earlier, representing 97% of operated production. Forty-six have set interim ambitions for 2030, up from 42 last year, and 42 have developed action plans, compared with 37.
The number of signatories declines as one moves from ambition to financing: 35 signatories, representing 84% of operated production, have allocated capital to their interim targets. Half of them state that their budgets cover their entire roadmap.
In 2025, 34 signatories also reported investments and acquisitions in low-carbon solutions of about $28 billion. On reliability, 39 signatories, covering 92% of operated production, have their emissions data verified by a third party, and EY conducted an independent review of the published information.
Methane and Routine Flaring: Stated Priorities for 2030
The signatories aim to reduce their upstream methane emissions to near zero and eliminate routine flaring by 2030, as well as achieve carbon neutrality for their operations by 2050 at the latest.
In total, 39 of them have methane action plans, an increase of nearly 60% compared with the 2024 Baseline for Action report.
For routine flaring, 42 signatories representing 90% of operated production have established elimination plans, an increase of 75%. Twenty-one signatories use direct measurement technologies for the majority of their reported methane emissions, and 18 others use them for part of them.
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, stated: “reducing methane emissions and eliminating routine flaring are actions we can take today, with existing technologies, and they remain our priority”. He encouraged “all oil and gas companies, national and international, to join this collective effort”.
On November 1, 22 CEOs of signatory companies met in Abu Dhabi, ahead of ADIPEC, for the third annual meeting of OGDC CEOs, focused on progress achieved and priorities for 2030. The meeting welcomed Searah, a new signatory that brings the number of charter members to 57.
