During TotalEnergies’ annual strategy presentation on Wednesday, CEO Patrick Pouyanné forecast that the European Union is likely to drop its mandate for sustainable aviation fuel (SAF) in the coming years. Pouyanné pointed to the bloc’s recent decision to abandon its planned 2035 ban on new combustion-engine cars as evidence of shifting policy priorities. He noted that SAF currently accounts for just 0.05% of global jet fuel consumption and that Europe’s ambitious target of 2% SAF blend by 2025 will be difficult to sustain under evolving regulatory pressures. Investors should monitor TotalEnergies’ ongoing investments in SAF production facilities—currently totaling €1.2 billion across two French plants—as any policy reversal could materially affect the unit’s projected cash flows and capital allocation plans during the 2024–2028 investment cycle.