Another oil major cuts investments in Russia
01 March 2022
French company will stop providing capital for new Russian projects
TotalEnergies became the latest major oil company to cut back on investments in Russia over that country’s invasion of Ukraine.
But unlike BP, Shell and Equinor, France’s TotalEnergies will not pull out of existing investments in Russia. While condemning Russia’s military aggression against Ukraine, TotalEnergies said it would no longer…
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