Crédit Agricole rîmera-t-il longtemps avec roi du pétrole et du gaz ?

Reclaim Finance criticizes Crédit Agricole for maintaining significant financial ties to the fossil fuel industry despite claiming to be a 'green bank'. The organization highlights that the bank provided $64 billion to fossil fuels between 2016 and 2020 and remains a top supporter of TotalEnergies. The text specifically calls for the bank to expand its Arctic exclusion zones, exit non-conventional hydrocarbons by 2030, and align the investment policies of its asset manager, Amundi, with its climate goals.

• Crédit Agricole provided $64 billion in funding to fossil fuels between 2016 and 2020, with nearly half of that amount directed toward companies expanding the sector. Its annual support increased from $9 billion in 2016 to $20 billion in 2020, making it the 13th largest fossil fuel bank globally.
• The bank's commitment to reduce oil and gas financing by 20% by 2025 is deemed insufficient because it only covers loans and excludes the issuance of shares and bonds, allowing the bank to continue supporting expansionist companies.
• Crédit Agricole's current Arctic policy is criticized for only excluding 20% of oil and gas assets in the region because it uses a production threshold that does not capture most companies planning new developments.
• Since the COP21, the bank has provided over $20 billion in financing for non-conventional oil and gas, including more than $6 billion in 2020 alone.
• Amundi, the asset manager owned by Crédit Agricole, lacks a specific oil and gas policy and has invested over $12 billion in approximately 15 companies developing projects in the Arctic, including Shell, Repsol, and Total.

APA

admin (2021). Crédit Agricole rîmera-t-il longtemps avec roi du pétrole et du gaz ? Reclaim Finance. https://reclaimfinance.org/site/2021/11/29/credit-agricole-rimera-t-il-longtemps-avec-roi-du-petrole-et-du-gaz/

Chicago

admin. Crédit Agricole rîmera-t-il longtemps avec roi du pétrole et du gaz ? Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/11/29/credit-agricole-rimera-t-il-longtemps-avec-roi-du-petrole-et-du-gaz/.

Wikipedia

{{cite press release |last1=admin |title=Crédit Agricole rîmera-t-il longtemps avec roi du pétrole et du gaz ? |publisher=Reclaim Finance |date=29 November 2021 |url=https://reclaimfinance.org/site/2021/11/29/credit-agricole-rimera-t-il-longtemps-avec-roi-du-petrole-et-du-gaz/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021crdit, author = {admin}, title = {{Crédit Agricole rîmera-t-il longtemps avec roi du pétrole et du gaz ?}}, publisher = {Reclaim Finance}, year = {2021}, month = nov, url = {https://reclaimfinance.org/site/2021/11/29/credit-agricole-rimera-t-il-longtemps-avec-roi-du-petrole-et-du-gaz/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }