AG de Total : les actionnaires complices du chaos climatique

Reclaim Finance condemns the outcome of Total's general assembly, where over 90% of voting shareholders approved a climate plan that prioritizes hydrocarbon expansion over renewable energy. The statement highlights the contradiction between the public climate commitments of major investors like AXA, BNP Paribas, and Amundi and their support for Total's strategy, which allocates 80% of capital expenditure to oil and gas by 2030.

• Over 90% of shareholders who expressed their opinion voted in favor of Total's climate plan, which the author describes as 'climaticide' because it allows for increased hydrocarbon production.
• Total's strategy for 2030 includes allocating 80% of its capital expenditure (capex) to hydrocarbons and increasing fossil gas production by 30%, while renewable energies will only account for 15% of its produced energy.
• Major investors including AXA, BNP Paribas, and Amundi supported the plan, which the document argues contradicts their stated commitments to green finance and the climate.
• A minority of investors, including La Banque Postale AM, CNP Assurances, La Française, Sycomore, PME, Actiam, Meeschaert, and Ircantec, voted against the plan because Total has not committed to ending exploration and the opening of new oil and gas reserves as recommended by the IEA.
• Total is involved in controversial projects, specifically mentioning the EACOP pipeline in East Africa and projects in Burma.

APA

admin (2021). AG de Total : les actionnaires complices du chaos climatique. Reclaim Finance. https://reclaimfinance.org/site/2021/05/28/ag-de-total-les-actionnaires-complices-du-chaos-climatique/

Chicago

admin. AG de Total : les actionnaires complices du chaos climatique. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/05/28/ag-de-total-les-actionnaires-complices-du-chaos-climatique/.

Wikipedia

{{cite press release |last1=admin |title=AG de Total : les actionnaires complices du chaos climatique |publisher=Reclaim Finance |date=28 May 2021 |url=https://reclaimfinance.org/site/2021/05/28/ag-de-total-les-actionnaires-complices-du-chaos-climatique/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021total, author = {admin}, title = {{AG de Total : les actionnaires complices du chaos climatique}}, publisher = {Reclaim Finance}, year = {2021}, month = may, url = {https://reclaimfinance.org/site/2021/05/28/ag-de-total-les-actionnaires-complices-du-chaos-climatique/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }