French courts have accused TotalEnergies SE $TOT.TO of greenwashing, suggesting misleading consumer communication regarding its climate goals post-rebranding. This follows claims from environmental groups, including Greenpeace France, challenging the company's assertions of achieving net-zero emissions by 2050. The dissonance between these goals and ongoing oil extraction expansion forms the basis of the legal dispute.
On Tuesday, the leading organization assessing corporate climate goals introduced new recommendations aimed at improving the quality of emission reduction plans. These changes affect business sustainability in light of global climate shifts; however, the organization confirmed that it does not intend to ease regulations concerning the use of carbon credits.