Crédit Agricole : le roi du pétrole et du gaz

The statement by Reclaim Finance criticizes Crédit Agricole for providing 64 billion dollars in financing to coal, oil, and gas between 2016 and 2020. It highlights that the bank remains one of the top 10 global financiers of companies active in the Arctic and has increased its support for unconventional oil and gas, including shale gas, despite public commitments to revise its policies.

• Between 2016 and 2020, Crédit Agricole provided 64 billion dollars in financing to the coal, oil, and gas sectors, with nearly one-third of this amount supporting companies involved in current and future unconventional oil and gas production.
• Despite excluding oil project financing in the Arctic in December 2017, Crédit Agricole is among the 10 most involved banks globally in the region, providing nearly 1.4 billion dollars to the 30 most active companies in the Arctic between 2016 and 2020.
• The bank's Arctic policy is criticized for only excluding oil projects while allowing gas projects, and for using a definition of the Arctic that only covers offshore projects, representing 40% of those identified by the Arctic Monitoring and Assessment Programme (AMAP).
• Support for shale oil and gas increased between 2016 and 2020, totaling 4.2 billion dollars, with over 800 million dollars provided in 2020 alone.
• The document notes that Crédit Agricole's oil and gas commitments apply only to its investment banking subsidiary, CACIB, and do not extend to its asset management arm, Amundi.

APA

admin (2021). Crédit Agricole : le roi du pétrole et du gaz. Reclaim Finance. https://reclaimfinance.org/site/2021/05/12/credit-agricole-le-roi-du-petrole-et-du-gaz/

Chicago

admin. Crédit Agricole : le roi du pétrole et du gaz. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/05/12/credit-agricole-le-roi-du-petrole-et-du-gaz/.

Wikipedia

{{cite press release |last1=admin |title=Crédit Agricole : le roi du pétrole et du gaz |publisher=Reclaim Finance |date=11 May 2021 |url=https://reclaimfinance.org/site/2021/05/12/credit-agricole-le-roi-du-petrole-et-du-gaz/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021crdit, author = {admin}, title = {{Crédit Agricole : le roi du pétrole et du gaz}}, publisher = {Reclaim Finance}, year = {2021}, month = may, url = {https://reclaimfinance.org/site/2021/05/12/credit-agricole-le-roi-du-petrole-et-du-gaz/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }