Renewable Focus Brings Name Change To Oil And Gas Major
Oil and gas major Total has rebranded itself and is now TotalEnergies. The name change, approved by shareholders, is a reflection of the company’s shift toward renewable energy sources.
“Energy is life. We all need it and it’s a source of progress. So today, to contribute to the sustainable development of the planet facing the climate challenge, we are moving forward, together, toward new energies,” said Patrick Pouyanné, chair and CEO of TotalEnergies. “Energy is reinventing itself, and this energy journey is ours. Our ambition is to be a world-class player in the energy transition. That is why Total is transforming and becoming TotalEnergies.”
Total SE’s board of directors first introduced the name change measure in March. The board proposed to shareholders that the company’s name should be changed to TotalEnergies SE and presented a resolution for an advisory vote on the company’s ambition for sustainable development and energy transition to carbon neutrality according to its 2030 objectives. This resolution is based on the joint statement issued with the global investor initiative Climate 100+ in May 2020, the strategy and objectives announced to shareholders by Total in September 2020 and in February 2021, and the work of the board of directors.
