TotalEnergies shareholders meeting at a general meeting voted by a majority of 88.76% for the group's climate strategy, which is under pressure from environmental organizations and the French government to accelerate its energy transition and phase out fossil fuels.
CEO Patrick Pouyanné welcomed "broad support" and a "quality debate" around the group's climate strategy, which provides for more investment in renewables and the strengthening of CO2 emission reduction targets for its operations. The non-binding consultative climate resolution, tabled by a coalition of activist shareholders, which asked it to do more on its carbon footprint to align with the goals of the Paris agreements, was rejected, winning 30.44% of the votes cast.
