TotalEnergies Decides to Appeal French Court Ruling in Climate Vigilance Case
MT Newswires Live
Yesterday
TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said Monday.
The French energy firm said it believes climate change, as a global phenomenon, falls outside the scope of France's duty of vigilance law, which requires large companies to carry out a vigilance plan to prevent severe human rights and environmental risks linked to their own operations, subsidiaries, suppliers and subcontractors.
TotalEnergies said the law does not extend to the actions of customers over whom it has no control.
The company said it will present those arguments before the Paris Court of Appeal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.