assemblee-generale-de-totalenergies-lopposition-monte/

Reclaim Finance criticizes TotalEnergies' climate plan as incompatible with the 1.5°C warming limit, noting that the company remains a leading developer of hydrocarbons. The statement highlights a growing opposition from investors, including Crédit Mutuel, and urges shareholders to reject the plan and oppose the reelection of directors to hold the company accountable for its continued fossil fuel expansion.

• TotalEnergies' climate plan is considered failing because it lacks short- and medium-term emission reduction targets aligned with the 1.5°C goal and does not commit to aligning investments with this objective, as stated by the Climate Action 100+ coalition.
• TotalEnergies is the largest hydrocarbon developer in Europe and the seventh largest globally, with 70% of its investments linked to fossil fuels and 20% dedicated to exploration and new projects.
• The company is involved in over twenty "carbon bombs"—massive fossil fuel projects that exceed the global carbon budget—and is projected to consume its 1.5°C-compatible carbon budget by 2035, emitting 32% more greenhouse gases than this budget by 2050.
• Opposition to the climate plan is growing, with Assurances du Crédit Mutuel and Crédit Mutuel AM joining eight other investors in voting against it. Additionally, some investors like La Financière de l’Echiquier and OFI AM are voting against the renewal of company directors.

APA

admin (2022). assemblee-generale-de-totalenergies-lopposition-monte/. Reclaim Finance. https://reclaimfinance.org/site/2022/05/24/assemblee-generale-de-totalenergies-lopposition-monte/

Chicago

admin. assemblee-generale-de-totalenergies-lopposition-monte/. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/05/24/assemblee-generale-de-totalenergies-lopposition-monte/.

Wikipedia

{{cite press release |last1=admin |title=assemblee-generale-de-totalenergies-lopposition-monte/ |publisher=Reclaim Finance |date=24 May 2022 |url=https://reclaimfinance.org/site/2022/05/24/assemblee-generale-de-totalenergies-lopposition-monte/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2022assembleegeneraledetotalenergiesloppositionmonte, author = {admin}, title = {{assemblee-generale-de-totalenergies-lopposition-monte/}}, publisher = {Reclaim Finance}, year = {2022}, month = may, url = {https://reclaimfinance.org/site/2022/05/24/assemblee-generale-de-totalenergies-lopposition-monte/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }