TotalEnergies Commits US$100 Million to OGDC Climate Fund

TotalEnergies announced a US$100 million commitment to Climate Investment’s (CI) Venture Strategy fund during COP30 in Belém, Brazil. Climate Investment has now formally become a Partner of the Oil and Gas Decarbonization Charter (OGDC) and will support signatory companies with data, technical insights and adoption strategies for decarbonization technologies, according to the company’s statement.

The commitment builds on CI’s portfolio, which includes 46 companies focused on methane detection and abatement, carbon capture and energy efficiency. These projects have generated a cumulative impact of 133 million mt of CO2e since 2019. The partnership with OGDC is expected to accelerate the deployment of these technologies across national and international oil companies.

TotalEnergies emphasized that the fund will enable oil and gas operators to scale proven solutions. The company highlighted its AUSEA methane-detection system, which has been shared with several national oil companies and is now being deployed to strengthen emissions monitoring. Climate Investment also cited ongoing field results from technologies already in use, including Qnergy’s instrument-air pneumatics replacing gas-driven devices at roughly 400 well pads in the Barnett field.

Company Chairman and CEO Patrick Pouyanné said the investment is intended to speed up the adoption of emissions-cutting technologies across the sector. He invited other international and national oil companies to participate in CI’s venture strategy to accelerate sector-wide uptake. Pratima Rangarajan, CEO, CI, said the organization seeks to scale decarbonization solutions for heavy industry and viewed TotalEnergies’ contribution as a step toward deploying larger volumes of technologies that offer measurable emissions reductions.

The initiative is part of broader commitments within the OGDC framework, which was launched at COP28 and brings together companies seeking to harmonize emissions-reduction strategies while maintaining operational reliability. TotalEnergies is one of the initiative’s industry champions alongside ADNOC and Saudi Aramco. The company said that collective, cross-company alignment is necessary to make the oil and gas sector’s decarbonization efforts effective at scale.

The announcement adds to a growing list of voluntary pledges made during COP30, where companies and governments discussed sectoral methane reductions, expansions in measurement capabilities and next-generation emissions monitoring technologies. TotalEnergies framed its investment as a contribution to shared industry goals rather than a standalone corporate action.

For Mexico, the initiative arrives amid rising pressure to modernize the country’s hydrocarbon sector and improve emissions management across production, refining and processing facilities. Mexico’s oil and gas industry continues to face scrutiny over methane output, flaring intensity and aging infrastructure, particularly in offshore fields and the National Refining System. Technologies emerging from Climate Investment’s portfolio, such as continuous methane detection, leak-abatement systems and energy-efficiency tools, could become relevant for Mexican operators as regulatory expectations tighten domestically and internationally.

Mexico has committed to reaching net-zero emissions by 2050 and has increased its focus on methane-reduction programs aligned with global initiatives. As major importers, lenders and trade partners incorporate emissions-performance requirements into their evaluations, Mexican public and private operators may find new incentives to integrate technologies supported by Climate Investment. The country’s participation in international methane-reduction agreements and its reliance on crude exports to markets with stricter climate standards further underscore the potential implications. If TotalEnergies and OGDC partners expand technology deployment across supply chains in the Americas, Mexico could become an early beneficiary of shared innovation pipelines but may also face greater pressure to adopt verifiable emissions-monitoring systems.

TotalEnergies said the initiative will remain focused on scaling commercially viable, field-tested decarbonization technologies and supporting coordinated industry action. Climate Investment will continue providing OGDC members with guidance and performance insights to help align technology adoption strategies across operators in multiple regions.