TotalEnergies’ climate strategy approved by its shareholders at 88.76% – Economy

TotalEnergies shareholders gathered in a general meeting voted by an 88.76% majority for the group’s climate strategy, which is under pressure from environmental organizations and the French government to accelerate its energy transition and get out of fossil fuels.

CEO Patrick Pouyanné hailed “broad support” and a “quality debate” around the group’s climate strategy, which provides for more investment in renewables and the strengthening of CO2 emission reduction targets for its operations. . The non-binding advisory climate resolution, tabled by a coalition of activist shareholders, which called on it to do more on its carbon footprint to align with the goals of the Paris agreements, was rejected, garnering 30.44% of the votes. votes cast.