Integrating Climate into our Strategy - 7 “We intend to deploy an assertive strategy in gas, which will grow over the next 20 years” I am also convinced that being “the most African international oil company” is another one of our strengths. Africa, where these challenges are crucial, will lead the way in energy innovation. We intend to be the responsible energy major that meets these challenges. This is the meaning of our tag line, “Committed to Better Energy.” Will oil and gas still be Total’s core business in 2035? Under the 2°C scenario, oil and gas will still make up almost 50% of the primary energy mix at that time. So yes, of course, we will still be an oil and gas major, meeting this demand. But our ambition is to put our talent to work to become the leader in responsible oil and gas, while also ramping up renewables. First, we will increase the proportion of gas in our mix, because it is the fossil fuel with the lowest emissions. It already accounts for more than half of our reserves and roughly half of our production. We intend to deploy an assertive strategy in gas, which will grow over the next 20 years. We will emphasize downstream investment to accelerate the growth in gas demand. In our operations, we are also aiming to become a benchmark for safety and environmental responsibility well before 2035. Our safety record has steadily improved over the last decade, but we can still do better. From an environmental standpoint, advancements include reducing routine flaring at our facilities by 67% between 2010 and 2015. We aim to eliminate it completely by 2030. This is a strong commitment. And as we promote gas, we are closely tracking methane emissions to reduce them as much as possible. When you’re dealing with a 2°C trajectory, strict investment discipline is vital. Our focus is on projects that can withstand low oil prices and higher carbon costs. It’s the best way to protect against the risk of stranded assets. Lastly, preparing for the future of hydrocarbons means speeding up the development of carbon capture, use and storage technologies. We therefore plan to allocate up to 10% of our R&D budget to this area over the coming years.