Why Europe can't seem to kick its Russian energy habit [Fortune]
TotalEnergies SE (TTE)
Company Research
Source: Fortune
For the continent's leaders, access to all that cheap Russian energy outweighed any misgivings over doing business with President Vladimir Putin. Then Russia launched its full-scale invasion of Ukraine, and this overwhelming reliance on a single supplier suddenly looked like a threat to the region's economic and political security. Fear that Putin would cut off deliveries of gas, coal and oil to punish European nations for supporting Ukraine prompted a frantic scramble in search of alternative energy sources. The shift was formalized by sanctions on Moscow aimed at de-funding Putin's war machine. Today, European leaders are hailing an energy supply revolution. Many gas, oil and coal importers dropped Russia in favor of alternative sources. Consumers found ways to use less energy, reducing demand. In the end, the lights stayed on and most factories kept humming. But Europeans are now paying more for their energy, and some of its more power-hungry industries are struggling to rema
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TTE
Earnings
- 10/31/24 - Miss
TTE
Sec Filings
- 12/2/24 - Form 6-K
- 11/7/24 - Form SC
- 11/1/24 - Form 6-K
- TTE's page on the SEC website