Activists protest French state stake in TotalEnergies
Activists protested a 2.8 billion dollar French state stake in TotalEnergies at its annual meeting. The holding was revealed through US regulatory filings.
France has accumulated a 1.33% stake in TotalEnergies SE worth $2.8 billion, sparking protests from climate activists. The position makes the state the group's 10th-largest shareholder. For investors, the move signals deeper state involvement in energy sovereignty as TotalEnergies faces mounting pressure over fossil-fuel profits.
### The State's Strategic Entry Climate activists demonstrated outside TotalEnergies headquarters on May 28 to protest the undisclosed accumulation of shares. The government holding was revealed in a February filing with the United States Securities and Exchange Commission. TotalEnergies cross-listed its shares in New York in December.
