Quand les promesses n'engagent que ceux qui y croient

The statement argues that AXA and Amundi/Crédit Agricole are acting hypocritically by maintaining public commitments to the Paris Agreement and the Net-Zero Asset Owner Alliance while voting against a climate resolution for Total. It highlights that Total's current plans include increasing hydrocarbon production by 12% between 2018 and 2030 and allocating 80% of its capex to fossil fuels by 2030, which contradicts the 1.5°C warming limit.

• AXA and Amundi/Crédit Agricole voted against a shareholder resolution at Total's general meeting on May 29, which called for the company to adopt alignment objectives with a 1.5°C trajectory.
• Total's climate commitments are deemed insufficient as the company plans to increase hydrocarbon production by 12% between 2018 and 2030 and intends to keep 80% of its capex dedicated to fossil fuels in 2030.
• According to Carbon Tracker, 67% of Total's capex would be at risk under the IEA's Paris Agreement alignment scenario.
• The document notes a contradiction in the behavior of financial actors: while AXA is part of the Net-Zero Asset Owner Alliance and Crédit Agricole adopted a strategy to align with the Paris Agreement on June 13, 2019, their voting actions at Total oppose these goals.

APA

admin (2020). Quand les promesses n'engagent que ceux qui y croient. Reclaim Finance. https://reclaimfinance.org/site/2020/06/23/quand-les-promesses-nengagent-que-ceux-qui-y-croient/

Chicago

admin. Quand les promesses n'engagent que ceux qui y croient. Reclaim Finance, 2020. https://reclaimfinance.org/site/2020/06/23/quand-les-promesses-nengagent-que-ceux-qui-y-croient/.

Wikipedia

{{cite press release |last1=admin |title=Quand les promesses n'engagent que ceux qui y croient |publisher=Reclaim Finance |date=22 June 2020 |url=https://reclaimfinance.org/site/2020/06/23/quand-les-promesses-nengagent-que-ceux-qui-y-croient/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020quand, author = {admin}, title = {{Quand les promesses n'engagent que ceux qui y croient}}, publisher = {Reclaim Finance}, year = {2020}, month = jun, url = {https://reclaimfinance.org/site/2020/06/23/quand-les-promesses-nengagent-que-ceux-qui-y-croient/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }