WASHINGTON, DC - APRIL 13: Patrick Pouyanné (Chairman and CEO - TotalEnergies) speaks on stage with Tim McDonnell (Climate & Energy Editor - Semafor) during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Tim McDonnell (Climate & Energy Editor - Semafor) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Patrick Pouyanné (Chairman and CEO - TotalEnergies) speaks on stage with Tim McDonnell (Climate & Energy Editor - Semafor) during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Patrick Pouyanné (Chairman and CEO - TotalEnergies) speaks on stage with Tim McDonnell (Climate & Energy Editor - Semafor) during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Tim McDonnell (Climate & Energy Editor - Semafor) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

(FILES) Glasses are pictured on the production line at a factory of French manufacturer of glassware Duralex in La Chapelle-Saint-Mesmin near Orleans, centre France, on July 1, 2021, during a visit of the French Junior Minister of Small and Medium Entreprises. Duralex, the globally known glassmaker recently taken over as a cooperative by its employees, announced on April 13, 2026 the replacement of its chief executive. Officially presented as preparation for his retirement, the departure may in fact be linked to economic difficulties facing the company. (Photo by GUILLAUME SOUVANT / AFP via Getty Images)

(FILES) Newly-manufactured glasses are packed in boxes at the end of the production line at a factory of French manufacturer of glassware Duralex in La Chapelle-Saint-Mesmin near Orleans, centre France, on July 1, 2021, during a visit of the French Junior Minister of Small and Medium Entreprises. Duralex, the globally known glassmaker recently taken over as a cooperative by its employees, announced on April 13, 2026 the replacement of its chief executive. Officially presented as preparation for his retirement, the departure may in fact be linked to economic difficulties facing the company. (Photo by GUILLAUME SOUVANT / AFP via Getty Images)

This photo taken on April 13, 2026 shows signs indicating the exit and gates at the new Terminal 1 pier at Munich International Airport during the official opening in Munich, southern Germany. The Terminal 1 Pier, which will begin operations on April 21, 2026, provides additional capacity for up to six million passengers per year. The new building is currently one of Bavaria's largest infrastructure projects. (Photo by ALEXANDRA BEIER / AFP via Getty Images)