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기사

2011년 2월 9일

저자:
Daniel Brooksbank, Responsible Investor

French oil giant Total facing investor resolution on tar sands - Company to face questions at AGM in May

French activist investor PhiTrust Active Investors is to quiz Total SA on the tar sands issue [in Canada] at the oil major’s forthcoming annual shareholder meeting...PhiTrust claims it is the first such resolution in France...Total says environmental stewardship is a priority and cites its position as the top-ranked oil and gas company in the Dow Jones Sustainability Index...It acknowledges that oil sands development is challenging in terms of CO2 emissions, water consumption, land footprint and tailings management. [also refers to BP, Shell]