Total shareholders back company climate plans

Total shareholders back company climate plans

Shareholders voting at Total's AGM approved the company's climate resolution, despite environmental NGOs warning the plan falls short.

Of Total's shareholders, 91.88% backed the company's plans. The plan found little favour with environmental groups.

Reclaim Finance's founder and director Lucie Pinson said Total's strategy was greenwashing. As such, “shareholders have voted willingly for climate chaos. In blatantly disregarding the International Energy Agency's unambiguous recommendations and giving a green light to Total's oil and gas expansion plans, shareholders like AXA, BNP Paribas and Amundi have made a mockery of their own climate commitments.”