Total investors urge oil major to adopt tougher CO2 goals

BLOOMBERG GREEN 🔒| Total SA investors called on the oil major to put broader limits on carbon emissions, increasing pressure on the French company to match commitments made by peers ahead of its annual shareholder meeting. The request, made by 11 European asset managers, is the latest sign that Big Oil’s own shareholders are forcing companies to take responsibility for their emissions -- and those of their customers. But it catches Total at a difficult time, as the coronavirus crisis destroys fuel demand and prompts the industry to make sweeping cost cuts.


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