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TotalEnergies Rebuffs Investor Calls For Steep Climate Cuts as Activists Clash With Police

  • Climate activists protested outside TotalEnergies' shareholder meeting, calling for faster cuts to the fossil fuel company's emissions.
  • Riot police deployed tear gas against the protesters outside the meeting in Paris.
  • Shareholders rejected a resolution filed by climate groups demanding TotalEnergies align its climate targets with the Paris Agreement's more ambitious goal.
  • The resolution received 30% of votes, up from 17% last year, showing growing investor concern about TotalEnergies' climate stance.
  • TotalEnergies' CEO defended the company's existing climate goals but expressed regret over the heavy police response to protesters.
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