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Investors and banks urged not to provide TotalEnergies with new debt financing

TotalEnergies headquarters and logo
The letters from the non-profits argue that offering financial support to TotalEnergies exposes investors and banks to the risks posed by the oil major’s projects (Photo: Benjamin Girette/Bloomberg)

Fifty-eight non-profits have signed letters sent to investors and banks with exposure to TotalEnergies

Six major bondholders in oil and gas major TotalEnergies, along with a group of banks that have underwritten or facilitated some of the company’s bonds, are being urged by non-profits, including Reclaim Finance, the Rainforest Action Network and the Sierra Club, not to participate in new debt financing for the French company.

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