popular articles

Investigation into TotalEnergies’ move to Polytechnique shelved

TotalEnergies CEO Patrick Pouyanné's investigation into illegal interest-taking has been dismissed by the French National Financial Prosecutor's Office (Parquet National Financier) for lack of sufficient evidence to proceed.

Please share:

The French National Financial Prosecutor’s Office (Parquet National Financier – PNF) has announced that the preliminary investigation opened against Patrick Pouyanné, CEO of TotalEnergies, has been dropped.
The latter was accused by Greenpeace, Anticor and the association La Sphinx of having abused his position as a member of the board of directors of the École Polytechnique to promote the establishment of a research center dedicated to the decarbonization of energies.
The PNF justifies its decision on the grounds that there is insufficient evidence to establish the offences of illegal taking of interest, favoritism, complicity and concealment of these offences.

Background and reactions

From the moment it was announced, the project for a 10,000 m² research center, which was to accommodate around 400 people, aroused contrasting reactions within Polytechnique.
Some students and professors voiced their opposition, denouncing the growing influence of the private sector on the public institution.
In March 2020, a demonstration was organized to protest against the establishment of the center on campus, perceived as interference by the private sector in the institution’s affairs.
In June 2020, the École Polytechnique decided to move the project away from the heart of the campus to the innovation business park managed by the Établissement public d’aménagement (EPA) Paris-Saclay.
However, in January 2022, TotalEnergies definitively abandoned the project.

Analysis of Pouyanné’s speech

The PNF points out that Patrick Pouyanné ‘s contribution to the Polytechnique Board of Directors meeting in April 2020 was limited to providing information on the project.
The CEO of TotalEnergies is speaking as an executive of the company and not as a director of the school, which, according to the PNF, does not constitute an illegal taking of interest.
What’s more, the investigations revealed that he withdrew immediately after his intervention, taking no part in the subsequent stages of the decision-making process.

Consequences for the parties involved

The complainant associations, disappointed by the closure of the investigation, believe that the PNF’s decision weakens the fight against conflicts of interest in public institutions.
They plan to file a civil suit to obtain the appointment of an independent investigating judge.
This case has rekindled the debate on the influence of the private sector in public institutions, particularly in the field of research and higher education.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Nigeria seeks to attract between 5 and 10 billion USD in investments to develop its deepwater gas sector, supported by regulatory reform aimed at making the sector more attractive to foreign investors.
Russia has filed a lawsuit against several Shell entities for energy projects on Sakhalin Island. This initiative could reflect an attempt to consolidate national resources after the company’s withdrawal in 2022.
Russia has filed a lawsuit against several Shell entities for energy projects on Sakhalin Island. This initiative could reflect an attempt to consolidate national resources after the company’s withdrawal in 2022.
France: Agnès Pannier-Runacher warns of the risks of excessive increases in electricity taxes
France: Agnès Pannier-Runacher warns of the risks of excessive increases in electricity taxes
Energy unions are concerned about the upcoming revision of the Public Electricity Grid Use Tariff (TURPE), fearing a reduction in human resources as massive investments are needed to modernize the network.
Energy unions are concerned about the upcoming revision of the Public Electricity Grid Use Tariff (TURPE), fearing a reduction in human resources as massive investments are needed to modernize the network.
The United States and G7 leaders discuss new sanctions in response to Iran's attack on Israel. New measures targeting the Houthis in Yemen have also been announced.
Colombia presents an ambitious financing program aimed at reducing its dependence on oil and coal by mobilizing international investments for a low-carbon economy.
Colombia presents an ambitious financing program aimed at reducing its dependence on oil and coal by mobilizing international investments for a low-carbon economy.
The French government is exploring a new tax on power plants to balance the 2025 budget without increasing electricity costs for consumers, a move that faces strong opposition from industry stakeholders.
The French government is exploring a new tax on power plants to balance the 2025 budget without increasing electricity costs for consumers, a move that faces strong opposition from industry stakeholders.
A report from the Centre de recherche sur l'énergie et l'air pur (CREA) demands that China decrease its emissions by at least 30% by 2035 to comply with the commitments of the Paris Agreement on climate.
A report from the Centre de recherche sur l'énergie et l'air pur (CREA) demands that China decrease its emissions by at least 30% by 2035 to comply with the commitments of the Paris Agreement on climate.
Taxes on the superprofits of oil and gas majors are multiplying across Europe and the United States. While governments aim to redistribute these record profits, companies are threatening to cut back on investments.
The Minister of Ecological Transition warns against a proposed tax on power plants, highlighting the risk of passing the costs onto French consumers.
The Minister of Ecological Transition warns against a proposed tax on power plants, highlighting the risk of passing the costs onto French consumers.
The United Arab Emirates Energy Minister, Suhail al-Mazrouei, reaffirms OPEC+ unity in its commitment to stabilize the global oil market at the Gulf Intelligence Energy Markets Forum.
The United Arab Emirates Energy Minister, Suhail al-Mazrouei, reaffirms OPEC+ unity in its commitment to stabilize the global oil market at the Gulf Intelligence Energy Markets Forum.
Malaysia updates its climate policy, aiming for a 45% reduction in carbon intensity by 2030. This initiative is accompanied by the preparation of a Climate Change Act, expected to be launched in the first quarter of 2025.
Malaysia updates its climate policy, aiming for a 45% reduction in carbon intensity by 2030. This initiative is accompanied by the preparation of a Climate Change Act, expected to be launched in the first quarter of 2025.
Saudi Arabia is projecting a budget deficit of 2.3% of GDP in 2025, with a further increase expected to 2.9% in 2026 and 3% in 2027. This trend is driven by declining oil revenues due to reduced production levels, alongside rising public expenditures aimed at financing its economic diversification projects.
Oman regains its investment status after seven years of financial uncertainty marked by a credit rating downgrade in 2016. Rating agency Standard & Poor's (S&P) has announced the upgrade of Oman’s credit rating from ‘BB+’ to ‘BBB-’ with a stable outlook. This decision reflects the country’s sustained efforts to rebalance its public finances through structural reforms and prudent debt management. The government implemented a medium-term financial plan which, combined with a rationalization of public spending, has generated budget surpluses.
Oman regains its investment status after seven years of financial uncertainty marked by a credit rating downgrade in 2016. Rating agency Standard & Poor's (S&P) has announced the upgrade of Oman’s credit rating from ‘BB+’ to ‘BBB-’ with a stable outlook. This decision reflects the country’s sustained efforts to rebalance its public finances through structural reforms and prudent debt management. The government implemented a medium-term financial plan which, combined with a rationalization of public spending, has generated budget surpluses.
The Parquet National Financier (PNF) has announced its decision to appeal the Paris Correctional Court’s ruling, which acquitted Henri Proglio, former Chairman and CEO of EDF, along with the group and eleven other individuals, in a case involving allegations of favoritism. The case centers on a series of consulting contracts directly awarded by EDF between 2010 and 2016, raising concerns about the transparency of the company’s contracting practices.
The Parquet National Financier (PNF) has announced its decision to appeal the Paris Correctional Court’s ruling, which acquitted Henri Proglio, former Chairman and CEO of EDF, along with the group and eleven other individuals, in a case involving allegations of favoritism. The case centers on a series of consulting contracts directly awarded by EDF between 2010 and 2016, raising concerns about the transparency of the company’s contracting practices.
French Prime Minister Michel Barnier commits to reducing France's "ecological debt" while developing nuclear and renewable energy sources. However, NGOs and experts criticize the lack of concrete measures and financial commitments.
French Prime Minister Michel Barnier commits to reducing France's "ecological debt" while developing nuclear and renewable energy sources. However, NGOs and experts criticize the lack of concrete measures and financial commitments.
The 2024 US presidential election could reshape the trajectory of the liquefied natural gas (LNG) sector, with Kamala Harris and Donald Trump offering divergent strategies that could impact the regulatory framework, export permits, and international commercial perspectives.
The French e-fuels sector needs to accelerate the development of its 26 ongoing projects to meet European decarbonation goals by 2030. The next 18 months will be crucial to structuring this emerging ecosystem.
The French e-fuels sector needs to accelerate the development of its 26 ongoing projects to meet European decarbonation goals by 2030. The next 18 months will be crucial to structuring this emerging ecosystem.
An in-depth analysis reveals that thermal plant outages and peak demand accounted for most of the electricity price increases in Texas in 2023, overshadowing the impact of ancillary services.
An in-depth analysis reveals that thermal plant outages and peak demand accounted for most of the electricity price increases in Texas in 2023, overshadowing the impact of ancillary services.
EDF and its former CEO Henri Proglio have been acquitted in a favoritism case related to consultancy contracts awarded between 2010 and 2016. The court ruled that there was no evidence of a criminal intent, despite the accusations from the Parquet National Financier.
EDF and its former CEO Henri Proglio have been acquitted in a favoritism case related to consultancy contracts awarded between 2010 and 2016. The court ruled that there was no evidence of a criminal intent, despite the accusations from the Parquet National Financier.
For the first time, renewable energy has generated more than half of the total electricity produced in the Netherlands, accounting for 53% of the energy mix in the first half of 2024, according to data from Centraal Bureau voor de Statistiek (CBS).
The High Council for Climate (HCC) criticizes the government's budgetary strategy, highlighting a weakening of France's decarbonation efforts. The reduction in funding hampers the achievement of carbon neutrality goals set for 2050.
The High Council for Climate (HCC) criticizes the government's budgetary strategy, highlighting a weakening of France's decarbonation efforts. The reduction in funding hampers the achievement of carbon neutrality goals set for 2050.
The Prefect of Provence-Alpes-Côte-d'Azur has approved a route for the high-voltage power line linking Jonquières-Saint-Vincent to Fos-sur-Mer. This project, supported by the industry, faces strong opposition from local officials and environmental groups.
The Prefect of Provence-Alpes-Côte-d'Azur has approved a route for the high-voltage power line linking Jonquières-Saint-Vincent to Fos-sur-Mer. This project, supported by the industry, faces strong opposition from local officials and environmental groups.
Engie secured the main lot in Brazil's second power transmission auction of 2024, with an investment of 2.9 billion reais, further solidifying its expansion strategy in the country’s energy infrastructure sector.
Engie secured the main lot in Brazil's second power transmission auction of 2024, with an investment of 2.9 billion reais, further solidifying its expansion strategy in the country’s energy infrastructure sector.

Advertising