The protesters outside the annual general meeting were apparently unaware of this when they came close to rioting or decided the new, new thing, Ukraine, justified the myopic view that writing-off the Russian portfolio investments (not operations) was the virtuous thing to do.
From the AP via ABC News:
....Protesters representing Greenpeace, Friends of the Earth and other environmental organizations denounced TotalEnergies for its huge presence in Russia as well as an oil pipeline project in Uganda and Tanzania that the protesters denounced as a “climate bomb.”
In a statement, TotalEnergies did not comment on the protest disruption or on Russia, but highlighted its progress on sustainability. It said it was on track to going carbon neutral by 2030.
TotalEnergies published in March its “principles of conduct” in Russia, which said the company would “gradually suspend its activities" there and strictly comply with European Union sanctions “no matter what the consequences on the management of its assets in Russia.”....
....MUCH MORE
And from Reuters via MSN, the headline story May 25:
TotalEnergies agrees to buy 50% of U.S. renewables company Clearway
TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition.
TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years.
The company said the acquisition would see it team up with Global Infrastructure Partners (GIP). As part of the deal, GIP will receive $1.6 billion in cash and an interest of 50% minus one share in the TotalEnergies subsidiary that holds its 50.6% ownership in SunPower Corporation.....
....MUCH MORE
