The general meeting of shareholders of TotalEnergies is held in Paris this Friday, May 26 under very strong pressure from climate organizations. Scuffles with the police, who are blocking access to the Pleyel room where the meeting is being held, began at 6 a.m. These activists are determined that the GA cannot take place.
TotalEnergies, Shell, but also BNP Paribas, Barclays, ING, hydrocarbon groups and their financiers are increasingly targeted by these activists, who say that these punchy actions are necessary in the face of the climate emergency. According to them, TotalEnergies is the 7th group in the world to launch the most new hydrocarbon projects.
Patrick Pouyanné, boss of the first group of the CAC40, says that "his company has become the object of all fantasies". His group has invested 1 billion euros "in low-carbon energies in 2020, 2 billion in 2021, 4 in 2022, 5 in 2023 ... We can't go any faster," he said in an interview with La Croix.
But this pressure from activists, who also act from within by becoming shareholders in the groups they denounce or by tabling resolutions, like the Dutch activist fund Follow This - is bearing fruit. Most major groups are devoting more and more space to climate issues. This is evidenced by the latest press releases after the AGMs of Crédit Agricole or the insurer Scor, for example.
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