Climat : Crédit Agricole avance en traînant des pieds

Reclaim Finance argues that Crédit Agricole's new climate commitments are insufficient because they do not explicitly ban the financing of new oil and gas infrastructure, such as LNG terminals. While the bank increased its target for reducing financed emissions from oil and gas loans to 75% by 2030, the organization notes that this does not guarantee an end to support for companies developing new fossil projects. The statement highlights specific examples of continued involvement, including the Port Arthur LNG terminal in the US and advisory services for the Papua LNG project, and criticizes the exclusion of only independent extraction companies while sparing integrated oil majors.

• Crédit Agricole has increased its target for the absolute reduction of financed emissions related to oil and gas loans to 75% by 2030 compared to 2020 levels, up from a previous target of 30%.
• Despite the new targets, the bank maintains the flexibility to finance new fossil fuel infrastructure, including liquefied natural gas (LNG) terminals and companies developing new oil and gas fields.
• Reclaim Finance identifies specific instances of continued fossil fuel support, noting that Crédit Agricole financed the Port Arthur LNG terminal in the United States in March 2023 and provides advisory services to TotalEnergies for the Papua LNG project in Papua New Guinea.
• The bank's new exclusion policy targets independent oil and gas extraction companies but excludes integrated oil and gas majors, which Reclaim Finance argues protects large clients from the announced measures.

APA

Martin, L. (2023). Climat : Crédit Agricole avance en traînant des pieds. Reclaim Finance. https://reclaimfinance.org/site/2023/12/14/climat-credit-agricole-avance-en-trainant-des-pieds/

Chicago

Martin, Léo. Climat : Crédit Agricole avance en traînant des pieds. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/12/14/climat-credit-agricole-avance-en-trainant-des-pieds/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Climat : Crédit Agricole avance en traînant des pieds |publisher=Reclaim Finance |date=14 December 2023 |url=https://reclaimfinance.org/site/2023/12/14/climat-credit-agricole-avance-en-trainant-des-pieds/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023climat, author = {Martin, Léo}, title = {{Climat : Crédit Agricole avance en traînant des pieds}}, publisher = {Reclaim Finance}, year = {2023}, month = dec, url = {https://reclaimfinance.org/site/2023/12/14/climat-credit-agricole-avance-en-trainant-des-pieds/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }