Oil Majors' Climate Commitments Face Credibility Crisis
TotalEnergies accepted $1 billion from the Trump administration to exit US offshore wind, triggering institutional investor backlash including a formal review by the New York State pension fund. The decision has sparked viral social media debate questioning the authenticity of oil major net-zero pledges.
This represents a potential inflection point where major energy companies abandon climate commitments under political pressure, undermining ESG investment strategies and transition finance.
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