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Total SA: The giant French energy company Total SA has been active in Iran since 1995.
CENTERFORSECURITYPOLICY: A non-violent tool for countering the Iranian threat
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Total SA, a French multinational oil company, is on Mr. Pasini's radar from the Euro Stoxx 50.
WSJ: Upside of the Euro Crisis: Bargains in Blue Chips
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French energy major Total SA is involved in Libya but not to the same extent as Italian ENI or even German Wintershall.
FORBES: Connect
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The two largest holdings are Sanofi ( SNY) and Total SA ( TOT), each of which make up over 5% of the ETF.
FORBES: A Global Hunt for Yield
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Total SA, headquartered in France, is among the leading energy investors in terrorist-sponsoring states, including Iran, Libya, Sudan, Syria and, prior to the Iraq war, Saddam Hussein's Iraq.
CENTERFORSECURITYPOLICY: The Dirty Dozen #9: Total SA
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In the run-up to the Iraq war, it was reported that, in March 2003, Total SA negotiated a major contract with Saddam Hussein's regime to develop Iraq's southern oil fields.
CENTERFORSECURITYPOLICY: The Dirty Dozen #9: Total SA
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Among the largest underlying components of VGK, in trading today Total SA ( NYSE: TOT) is up about 1.7%, Siemens AG ( NYSE: SI) is off about 1.2%, and GlaxoSmithKline Plc ( NYSE: GSK) is up by about 1.5%.
FORBES: Notable ETF Inflow Detected - VGK
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Moral and Political Cover : When leading global companies such as Total SA partner with terrorist-sponsoring states, it sends a clear message to these governments: Sponsoring terrorism is not a concern as long as there are corporate profits to be made.
CENTERFORSECURITYPOLICY: The Dirty Dozen #9: Total SA