In a statement issued earlier today, TotalEnergies declares its condemnation of Russia's military aggression against Ukraine, which, says the company has ‘tragic consequences for the population and threatens Europe’.
Earlier, energy companies Shell, BP and Equinor announced they were leaving Russia in response to the Ukraine invasion. Shell said in a statement it will withdraw from the Sakhalin 2 LNG plant in which it holds a 27.5% stake, and which is 50% owned and operated by Russian gas giant Gazprom.BP said it was selling its nearly 20% stake in Rosneft, the Russian state-controlled oil company, while Norwegian oil and gas company Equinor issued a statement on Monday that it would stop all new investments in Russia and begin to exit its joint ventures there.
‘TotalEnergies expresses its solidarity with the Ukrainian people who are suffering the consequences and with the Russian people who will also suffer the consequences.
TotalEnergies is mobilised to provide fuel to the Ukrainian authorities and aid to Ukrainian refugees in Europe.
TotalEnergies supports the scope and strength of the sanctions put in place by Europe and will implement them regardless of the consequences (currently being assessed) on its activities in Russia.
TotalEnergies will no longer provide capital for new projects in Russia.’
TotalEnergies is a global multi-energy company that produces and markets oil and biofuels, natural gas and green gases, renewables and electricity. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.