The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
TotalEnergies SE has been warned by two UK shareholders that they would divest their stakes if the French company fails to exit its businesses in Russia.
The Church of England Pensions Board and the Church Commissioners for England are turning up the heat on the energy major’s Chief Executive Officer Patrick Pouyanne, a sign of the pressure companies are facing to isolate Russian President Vladimir Putin’s regime.
TotalEnergies has said it will stop buying Russian crude and investing in new projects in the country, but it continues to hold stakes in Novatek PJSC and other projects.