Investors join activists to press TotalEnergies on climate targets
A group of investors with $1.1 trillion in assets under management has joined climate activist group Follow This in asking TotalEnergies shareholders to push for more ambitious targets on emissions cuts.
The resolution filed for the company’s May 26 annual general meeting follows others that Follow This has filed for coming shareholder meetings at rival energy majors BP, Chevron, Exxon Mobil and Shell.
“To achieve the goal of (the) Paris (climate deal), the world has to almost halve emissions by 2030, but TotalEnergies has no plan to drive down emissions this decade,” Follow This founder Mark van Baal said.
