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Saturday, June 19, 2021
Home Uncategorized French oil giant, Total changes name, becomes TotalEnergies

French oil giant, Total changes name, becomes TotalEnergies

French oil giant, Total, at the Ordinary and  Extraordinary Shareholders’ Meeting on Friday, its shareholders approved almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity.
In tandem with this name change, TotalEnergies is adopting a new visual identity.
“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, towards new energies. 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,” declared Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies.
“This new name and new visual identity embody the course TotalEnergies has resolutely charted for itself: that of a broad energy company committed to producing and providing energies that are ever more affordable, reliable and clean”.
The oil giant said it plans $60 billion in renewable projects to be financed over 10 years, Reduce its direct emissions to Net Zero by 2050.
French oil companies Total Fina and Elf Aquitaine had in 1999 agreed to merge in a $54.3 billion deal that would create the world’s fourth largest oil group.
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