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Mozambique LNG: TotalEnergies Welcomes the Launch of Official Investigations in Mozambique

1. TotalEnergies (TTE) requests investigation into 2021 human rights abuses in Mozambique. 2. Investigations may impact TTE's reputation and project viability in the region.

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FAQ

Why Bearish?

Human rights allegations can negatively affect investor sentiment and project credibility. History shows that similar issues in energy projects lead to stock price decline.

How important is it?

Ongoing investigations may hinder TTE's projects and affect earnings potential, thus influencing stock value.

Why Long Term?

The investigations' outcomes can influence TTE's operations and regulations over an extended period, similar to past human rights issues affecting other companies.

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TOTENIRDS.ACVX
PARIS--(BUSINESS WIRE)--Following allegations of human rights abuses raised by media outlets in 2024 that would have been committed by members of Mozambique's Defence and Security Forces in the Afungi Peninsula in the Cabo Delgado province around the summer of 2021, Mozambique LNG (TotalEnergies 26.5%) has asked in November 2024 the Mozambican authorities to open a formal investigation into such allegations, in order to ascertain what happened. On the occasion of his meetings end of January wit.

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