‘Investors behave more like activists than shareholders when they vote against Total’s strategy to increase fossil fuel production by 2030.’ That was the response by Total’s CEO after 8% of Total’s shareholders voted against its current strategy at the AGM on May 28, 2021.
This strategy is to increase fossil fuel production by 2030 and is not consistent with the goal of the Paris Climate Agreement to limit global warming to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C.
Watch how Patrick Pouyanné, the CEO of Total, dismisses investors who want Total to commit to the Paris goal as behaving “more like activists than shareholders”.
We thank these active owners for voting against Total’s in-activism.
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