expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients

BNP Paribas has announced new restrictions on financing new oil and gas fields and floating production storage and offloading (FPSO) units, as well as a commitment to stop financing companies specialized in oil production. However, Reclaim Finance argues these measures are inadequate because they do not cover liquefied natural gas (LNG) terminals or corporate bonds, and they allow the bank to continue providing general financial services to major integrated oil and gas companies. Since 2016, BNP Paribas has provided over $45 billion to nine major European and US oil and gas firms, representing 27% of its total sector financing.

• BNP Paribas has introduced new restrictions on its oil and gas financing, including a commitment to stop providing dedicated financing for new gas fields and floating production storage and offloading (FPSO) platforms, as well as ending financing for companies specialized in oil production and reserve-backed loans intended to support oil production.
• The bank's measures are criticized for failing to exclude financing for liquefied natural gas (LNG) terminals, despite such projects being incompatible with the International Energy Agency's (IEA) Net Zero Emissions (NZE) scenario.
• Reclaim Finance asserts that BNP Paribas will continue to support the expansion plans of major European integrated energy companies because the bank's commitments do not cover corporate bonds and allow for general financial services to be provided to these clients for several years.
• Between 2016 and May 2023, BNP Paribas provided more than $45 billion to the nine largest European and US oil and gas companies, which accounts for 27% of the bank's total financing for the oil and gas sector.
• Analysis of the nine major oil and gas companies cited indicates that renewable energy will represent less than 22% of their energy mix by 2030, contradicting claims that these companies are in a meaningful transition.

APA

Martin, L. (2023). expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients. Reclaim Finance. https://reclaimfinance.org/site/2023/05/11/expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients/

Chicago

Martin, Léo. expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/05/11/expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients |publisher=Reclaim Finance |date=11 May 2023 |url=https://reclaimfinance.org/site/2023/05/11/expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023expansionpetrogazierebnpparibasepargnesesprincipauxclients, author = {Martin, Léo}, title = {{expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients}}, publisher = {Reclaim Finance}, year = {2023}, month = may, url = {https://reclaimfinance.org/site/2023/05/11/expansion-petro-gaziere-bnp-paribas-epargne-ses-principaux-clients/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }