25/02/2026 by Joel Thompson
French energy major TotalEnergies has increased its carbon credits spending to a milestone $73 million. This underlines the growing part offsets play in its current climate strategy, at a time when the company is maintaining sound financial performance.
Recognised for its adoption of renewable energy and eco-friendly solutions, TotalEnergies is committed to a carefully balanced climate strategy. It has invested heavily in UK offshore windfarms and supplies a wide range of biodegradable lubricant products via its Total Lubricants brand, which includes hydraulic oil, gear oil and other cutting-edge fluids that use rapeseed oil and synthetic esters in their base formula.
The massive outlay on credits recorded for 2025 marks a 49 per cent increase on 2024, and was recently revealed alongside results for the full year.
The Paris-headquartered energy company employs carbon credits to make up for emissions that are too difficult to eradicate entirely. These include those connected to its traditional fossil fuel operations involving gas and oil.
Today, carbon credits are deployed to finance projects like reforestation, forest conservation and other endeavours that aim to decrease or eliminate greenhouse gases. TotalEnergies is currently building a portfolio of these credits to form a bridge that supports its long-term ambitions for decarbonisation.
The increased carbon credits spending arrives as TotalEnergies reports resilient earnings irrespective of weaker oil prices. In 2025, its adjusted net income hit $15.6 billion, while its operating cash flow tallied almost $28 billion. Furthermore, its upstream production grew by around 4 per cent, and liquefied natural gas (LNG) sales supported similar results.
You may also interested in:
TotalEnergies decides to fully develop Caspian Absheron field
Together with its joint venture partners, TotalEnergies has announced a final investment decision (FID) for the full-field development of the Absheron field.
Shell finalises Gulf of Mexico asset sale
UK-based oil major Shell has announced that it has completed the sale of its 50% interest in the Na Kika platform together with some associated assets.