TotalEnergies investors demand bigger climate push ahead of annual meeting

Bloomberg

French energy giant TotalEnergies SE will face calls to take a tougher stance on climate at its annual shareholders’ meeting next month.
A group of 11 investors have filed a resolution demanding the company set and publish climate goals consistent with those of the Paris Agreement. While the shareholders represent a small portion of Total’s capital — about 0.8% — their request reflects the mounting pressure on oil and gas majors to step up their environmental ambitions, with several facing AGM motions for greater action.
TotalEnergies’ efforts “are not enough to stop global warming,” said Bas Bijleveld, senior adviser for responsible investment and governance at Dutch asset manager MN Services NV, which is leading the investor push.
“We encourage the company to become the first oil and gas giant that has its targets for 2030 completely 1.5 degree aligned.”