TotalEnergies commits to exiting fossil fuels in South Africa greenwashing case

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Financial Times 20h ago

TotalEnergies commits to exiting fossil fuels in South Africa greenwashing case - Financial Times

Quick Summary:

The second Trump administration, she said, was likely to see US companies retreat even further from climate initiatives as environmental rules were rolled back — giving European oil majors further reason to pause.“These European companies see their US rivals doing well, with few climate plans, so their boards are now less focused on meeting climate goals,” she said.

In August, the company lost a dispute at South Africa’s Advertising Regulatory Board in which the independent, self-regulatory body found that it was “misleading” for TotalEnergies to claim it was “committed to sustainable development” in a campaign with the country’s national parks.

Govender said any attempt to paint this as a cynical effort to distract the public was incorrect, as the company had invested heavily in “changing the culture” of its workforce, pushing them to embrace renewable energy sources.“Our long-term goal, and as far as I know it has not changed — it might be a bit easier in Europe — is to exit fossil fuels,” he said.