Financial players behind TotalEnergies
Banks and investors provide TotalEnergies, and other energy companies, with services that are essential to maintaining operations and developing new activities.
At a time when they need to redirect their support to sustainable energy, energy efficiency and the development of a leaner more sustainable energy sector, financial players continue to fuel oil and gas expansion as seen from TotalEnergies.
Top 30 banks supporting TotalEnergies
The largest international banks that are among the biggest supporters of TotalEnergies provided $55.7 billion in financing to TotalEnergies between 2016 and 2022, whether in the form of loans — to its fossil fuel projects or to the company — or support for the issuance of bonds and shares.
mln US$ 455
mln US$ 9,500
Crédit Agricole
BNP Paribas
JPMorgan Chase
Goldman Sachs
Morgan Stanley
Deutsche Bank
Bank of America
SMBC Group
RBC
HSBC
Credit Suisse
MUFG
Mizuho
Santander
UniCredit
Intesa Sanpaolo
BPCE/Natixis
BBVA
ANZ
UBS
Standard Chartered
Natwest
ING
Commerzbank
DZ Bank
Top 30 investors supporting TotalEnergies
These bonds, like shares, are then purchased by investors on the markets. The 30 largest investors in TotalEnergies hold $64.7 billion in investments in the company as of May 15, 2023.
mln US$ 422
mln US$ 14,040
Credit Agricole Group (including Amundi* and FCPE**
BlackRock Inc
Norges Bank
FMR LLC
Deutsche Bank AG
Goldman Sachs Group
UBS AG
T Rowe Price Group
Invesco Ltd
Dodge & Cox
BNP Paribas SA
Dimensional Fund Advisors LP
Massachusetts Financial Services C
GPIF
FIL Ltd
JPMorgan Chase & Co
State Street Corp
TIIA
Thornburg Investment Management
Janus Henderson Group
DZ Bank
CDPQ
Allianz SE
Federated Hermes
GQG Partners LLC
Charles Schwab Corp
DekaBank Deutsche Girozentrale
Natixis SA
*Amundi, the asset management arm of the Crédit Agricole Group, holds the vast majority of the equity and debt securities.
** US$9.3 billion from Amundi’s management of TotalEnergies’ FCPE (Fonds commun de placement d’entreprise).
Financial data extracted from the Bloomberg terminal on 15 May 2023. Exposures to equities and debt securities, particularly bonds, are included. Green bonds and securities issued by subsidiaries not linked to fossil fuels have been removed from the analysis. For Amundi, part of the Credit Agricole Group, the data takes into account the management of TotalEnergies’ FCPE (Fonds commun de placement d’entreprise)
Main European banks supporting TotalEnergies

US$3.3 billion financing to TotalEnergies between 2016 and 2022.

US$8.9 billion financing to TotalEnergies between 2016 and 2022.

US$9.5 billion financing to TotalEnergies between 2016 and 2022.

US$0 financing to TotalEnergies between 2016 and 2022.

US$2.1 billion financing to TotalEnergies between 2016 and 2022

US$0.9 billion financing to TotalEnergies between 2016 and 2022.

US$1.9 billion financing to TotalEnergies between 2016 and 2022.

US$0.1 billion financing to TotalEnergies between 2016 and 2022.

US$0.9 billion financing to TotalEnergies between 2016 and 2022.

US$0 financing to TotalEnergies between 2016 and 2022.

US$4.7 billion financing to TotalEnergies between 2016 and 2022.

US$0.3 billion financing to TotalEnergies between 2016 and 2022.
Main investors supporting TotalEnergies

$US14 billion invested in TotalEnergies as of May 15, 2023.

$US10.8 billion invested in TotalEnergies as of May 15, 2023.

$US1.1 billion invested in TotalEnergies as of May 15, 2023.

$US0 billion invested in TotalEnergies as of May 15, 2023.

$US1.9 billion invested in TotalEnergies as of May 15, 2023.

$US0.02 billion invested in TotalEnergies as of May 15, 2023.

$US0.4 billion invested in TotalEnergies as of May 15, 2023.

$US4.3 billion invested in TotalEnergies as of May 15, 2023.

$US0.01 billion invested in TotalEnergies as of May 15, 2023.

$US0.002 billion invested in TotalEnergies as of May 15,2023.

$US1.3 invested in TotalEnergies as of May 15, 2023.

$US0.6 invested in TotalEnergies as of May 15, 2023.
To stop Totalenergies’ climate-wrecking strategy, let’s call on the financial players to act!
Without financial support, TotalEnergies would not be able to deploy its climate-wrecking strategy.
Several of TotalEnergies’ lines of financing will expire in the coming months. The time to act is now! Banks and investors must make their participation in future transactions conditional on a commitment by TotalEnergies to stop developing new oil and gas projects. The company is holding its annual general meeting on May 26. Several crucial resolutions will be submitted to a shareholder vote.They should vote against the company’s management and its phoney climate plan and instead support the climate resolution that calls on TotalEnergies to actually reduce its emissions by 2030.