On the 10th of February, TotalEnergies announced a record €13.6 billion result, the highest of the history for any CAC40 company. Aside from this headline-grabbing information, another announcement came relatively unnoticed: the French major committed to consult its shareholders during its May 2022 Annual General Meeting (2022), with a vote on its “progress regarding the implementation of [its] sustainable development and energy”. This apparent win for shareholders hide a high risk of greenwash: TotalEnergies could have complicit investors rubber stamp its anti-climate strategy, that still includes the development of new oil & gas production projects.
Read our full analysis (in French) here.