French Senate Wants ‘Golden Share’ In TotalEnergies for National Interest ...Middle East

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French Senate Wants ‘Golden Share’ In TotalEnergies for National Interest
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A French Senate report released on Wednesday is calling on the government to scoop up a “golden” share in giant TotalEnergies in an attempt to gain a strategic veto on issues related to climate change and any notion the company may have of relocating to American shores.  A “golden share” is a reference to the French’s government’s legal right to acquire one share in any domestic company for reasons of strategic national interest and then convert that share into a golden share that can veto company actions…

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