TotalEnergies Shareholders Back Company’s Carbon Emissions Plan

TotalEnergies SE shareholders backed the French oil and gas giant’s push into renewables, and rejected an investor resolution calling for company to target a swift and drastic reduction in the carbon emissions of its customers.

The non-binding resolution backed by activist group Follow This, which called on TotalEnergies to align its 2030 goals for so-called Scope 3 emissions — those generated by fuel sold to its clients — with the Paris Climate Agreement, was approved by 30% of shareholders at the group’s annual meeting in Paris on Friday. In contrast, the company’s own climate plan secured overwhelming support.

Support for ...