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Investor Revolt

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business2 years ago

Investor revolt and tear gas at TotalEnergies AGM over climate goals.

TotalEnergies, the French energy company, faced a shareholder revolt over its climate goals, with 18% of investors voting against its emissions reduction targets. The company had set a goal to reduce its carbon emissions by 60% by 2050, but some investors argued that this was not ambitious enough and called for more aggressive targets in line with the Paris climate agreement. TotalEnergies has pledged to become a net-zero emissions company by 2050 and is investing heavily in renewable energy as part of its energy transition strategy.