Crédit Agricole : cessez tout soutien à l'industrie des énergies fossiles en Russie
Summary
Reclaim Finance has issued an open letter to Crédit Agricole's CEO, Philippe Brassac, demanding the bank stop financing fossil fuel companies active in Russia. The organization calls for the blacklisting of companies on the Urgewald Global Coal Exit List and Global Oil and Gas Exit List, specifically mentioning Gazprom. The letter further requests the suspension of support for companies like TotalEnergies, Uniper/Fortum, and Wintershall DEA until they exit Russian operations, arguing that fossil fuel dependence drives both climate change and international conflict.
Key insights
- Reclaim Finance calls on Crédit Agricole to stop providing financial support to energy companies in the coal, oil, and gas sectors operating in Russia, specifically highlighting the bank's role as a major financier and investor in Gazprom.
- The organization demands that Crédit Agricole CIB stop granting new financial services and that Amundi divest its holdings from Russian companies listed on Urgewald's Global Coal Exit List and Global Oil and Gas Exit List.
- Reclaim Finance urges the suspension of support for TotalEnergies, Uniper/Fortum, and Wintershall DEA until they withdraw from Russian operations, noting Crédit Agricole's significant capital stake and financing of TotalEnergies.
- The document argues that human-induced climate change and the war in Ukraine share the same root cause: dependence on fossil fuels.
Cite the original document
- APA
- Pinson, L. (2022). Crédit Agricole : cessez tout soutien à l'industrie des énergies fossiles en Russie. Reclaim Finance. https://reclaimfinance.org/site/2022/03/02/credit-agricole-cessez-tout-soutien-a-lindustrie-des-energies-fossiles-en-russie/
- Chicago
- Pinson, Lucie. Crédit Agricole : cessez tout soutien à l'industrie des énergies fossiles en Russie. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/03/02/credit-agricole-cessez-tout-soutien-a-lindustrie-des-energies-fossiles-en-russie/.
- Wikipedia
- {{cite press release |last1=Pinson |first1=Lucie |title=Crédit Agricole : cessez tout soutien à l'industrie des énergies fossiles en Russie |publisher=Reclaim Finance |date=2 March 2022 |url=https://reclaimfinance.org/site/2022/03/02/credit-agricole-cessez-tout-soutien-a-lindustrie-des-energies-fossiles-en-russie/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{pinson2022crdit, author = {Pinson, Lucie}, title = {{Crédit Agricole : cessez tout soutien à l'industrie des énergies fossiles en Russie}}, publisher = {Reclaim Finance}, year = {2022}, month = mar, url = {https://reclaimfinance.org/site/2022/03/02/credit-agricole-cessez-tout-soutien-a-lindustrie-des-energies-fossiles-en-russie/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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