TotalEnergies Accused in France of Greenwashing After Rebrand
TotalEnergies SE was accused in a French court of greenwashing by misleading consumers about its climate goals in a series of ad campaigns just after it rebranded and changed its name from Total.
A group of nonprofits, which include Greenpeace France, attacked TotalEnergies' claim that it could achieve net zero emissions by 2050, saying it was incompatible with its continued expansion in oil production.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
35 minutes ago
- Bloomberg
Don't Count on a Sustained Fed-ECB Decoupling, Schnabel Says
It would be wrong to expect a persistent policy divergence between the US Federal Reserve and the European Central Bank, according to Executive Board member Isabel Schnabel. 'I expect this trade conflict to play out as a global shock that's working for both global demand and supply — we can discuss which of the two effects on inflation is larger because that that determines the net effect,' the German central banker said on Saturday.
New York Times
an hour ago
- New York Times
Macron Will Visit Greenland This Month, Defying Trump
In a challenge to President's Trump's vow to take control of Greenland, President Emmanuel Macron of France will visit the enormous Arctic island on June 15 with the aim of 'contributing to the reinforcement of European sovereignty.' The French presidency announced the visit on Saturday, saying that Mr. Macron had accepted an invitation from Jens-Frederik Nielsen, Greenland's prime minister, and Mette Frederiksen, the Danish prime minister, with whom it said Mr. Macron would discuss 'security in the North Atlantic and the Arctic.' Greenland, a semiautonomous island that is a territory of Denmark, a NATO ally, has been thrust in recent months from a remote, uneventful existence to the center of a geostrategic storm by Mr. Trump's repeated demands that it become part of the United States, one way or another. 'I think there's a good possibility that we could do it without military force,' Mr. Trump told NBC in March, but added that he would not 'take anything off the table.' Mr. Macron, who has seen in the various provocations directed at Europe by the Trump administration an opportunity for European assertion of its power, will be the first foreign head of state to go to Greenland since Mr. Trump embarked on his annexation campaign this year. JD Vance, the American vice president, visited Greenland in March. The trip was drastically scaled back and confined to a remote military base after the threat of local protests. Want all of The Times? Subscribe.
Yahoo
an hour ago
- Yahoo
Poundland plots rent cuts in battle for survival
Poundland bosses are hatching a plan to enforce steep rent cuts on store landlords as part of a last-ditch bid for survival. The discount retailer has earmarked hundreds of stores for sharp rent reductions as its Polish parent company looks to persuade new owners to take the chain off its hands. An auction of Poundland has been whittled down to a shoot-out between the distressed investment funds Gordon Brothers and Hilco. The winning bidder will inherit a radical new turnaround plan drawn up by senior management, which proposes taking the axe to Poundland's sprawling estate of more than 800 stores. Between 150 and 200 have been singled out for imminent closure with as many as 500 more selected for swingeing rent bill decreases as bosses seek to dramatically rein in costs. Poundland employs 16,000 people. It is understood the company hopes to impose reductions on landlords of anywhere between 10pc and 50pc, while pulling out of scores of other sites via a court-sanctioned restructuring scheme. However, there is no guarantee that a judge will approve the proposal. A source familiar with the situation said any future decisions on rents would be for a potential new owner. Such extreme steps are usually attempted via an insolvency process known as a company voluntary arrangement in which landlords are handed a vote on any cost-cutting measures that will affect them. Barry Williams, the retailer's former managing director, was parachuted back on to the board at the beginning of the year to help address Poundland's spiralling crisis. Pepco crashed to a £548m loss in December after taking a £650m write-down on its UK operations. It blamed a 'significant decline in performance' as well as spiralling costs at Poundland for the setback. Under new owners, closures are expected to be accompanied by a huge cash injection as they seeks to turn around Poundland's dwindling fortunes. Prospective backers anticipate having to immediately pump in between £70m and £100m to stabilise the company. Those involved in the talks say Poundland's advisers at Teneo hoped to have entered exclusive talks with one of the remaining bidders this week. However, the timetable appears to have slipped, prompting speculation about whether investor appetite had waned as result of the funds needed to turn the retailer around and concerns over the complexity involved. There are also worries that trading at Poundland has continued to deteriorate, exacerbating its precarious situation. Last month, Pepco told investors not to expect 'major proceeds' from any sale of Poundland. It also warned that the chain might not make a profit in the forthcoming financial year. The business continued to face 'highly challenging trading conditions' in the six months to the end of March, it said. Like-for-like sales were down 7.3pc and pre-tax earnings slumped three quarters to €22m (£18.6m). A Pepco Group spokesman said: 'The focus of the group and advisers is currently on a potential sale of Poundland. This is an ongoing process and no final decisions have been taken.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
