Finance
Total’s Investors Demand Bigger Climate Push Ahead of AGM
- Shareholder motion reflects mounting pressure on energy majors
- BP and Shell have been forced to address similar resolutions
A TotalEnergies SE gas station in France.
Photographer: Matthieu Rondel/BloombergThis article is for subscribers only.
French energy giant TotalEnergies SE will face calls to take a tougher stance on climate at its annual shareholders’ meeting next month.
A group of 11 investors have filed a resolution demanding the company set and publish climate goals consistent with those of the Paris Agreement. While the shareholders represent a small portion of Total’s capital -- about 0.8% -- their request reflects the mounting pressure on oil and gas majors to step up their environmental ambitions, with several facing AGM motions for greater action.