Deal #9769 Version #93199

Developing a 40,000-hectare (99.000-acre) forest in the Republic of Congo that will sequester 500,000 tons of carbon per year. Development of natural carbon sinks in Africa. These activities build on the priority initiatives taken by the Group to avoid and reduce emissions, in line with its ambition to get to net zero by 2050. Total has claimed the credits will be accredited under the Verified Carbon Standard scheme. 40 million trees will be planted in total over 10 years and cared for over 35 years

leased the land from the Congolese government

Planting began towards the end of 2021. "An environmental and social impact assessment for the project is currently underway, the spokesperson said, but despite the fact that some trees have already been planted, it’s still “several months” from completion."

The yearly lease costs FNC $105,634, with an additional payment of $27,892 to a fund for local development. (information from: https://unearthed.greenpeace.org/2022/12/12/total-congo-offsetting-land-dispossessed/ a media report- unofficial source).