French energy giant Total has come under sharp rebuke from Israel over the company’s investment stance, amid growing concerns in Tel Aviv that the Boycott Divestment and Sanctions (BDS) movement is being mainstreamed among its traditional allies.
Total – which is one of seven “Supermajor” oil companies in the world – backed off from investing in Israel, for reasons it described as “complex”. Total’s chief executive, Patrick Pouyanné, told the Financial Times (FT) that it was too complex to invest in Israel, despite the country’s growing role as a gas producer.
Explaining the firm’s decision, Pouyanné added that “we [Total] like complex situations [?.?.?.?] up to a certain point,” but suggested that stakes in Israel were not big enough to accept the risks involved in investing in the Zionist state, which is fighting what seems to be a losing battle against accusations that the country has become an apartheid state.