TotalEnergies CEO Patrick Pouyanné revealed the company incurred a €200 million loss due to the French government’s fuel price cap. He stated this financial impact stemmed from a “voluntary contribution” made by the company, despite not being formally requested. Pouyanné expressed frustration with criticism surrounding the price cap measure, defending it as a voluntary action. He appeared before the French Parliament’s finance committee to discuss the matter. The price cap was implemented by the French government to mitigate the impact of rising fuel costs on consumers. Pouyanné indicated difficulty understanding the critiques leveled against TotalEnergies’ participation in the scheme, emphasizing its voluntary nature. The company’s financial results reflect the cost of maintaining lower prices at the pump for French consumers.