ENGIE banks support fossil gas expansion

ENGIE, a major electricity producer with over 100 GW of capacity, continues to generate half of its electricity from fossil fuel plants and is developing new fossil gas projects. This expansion contradicts International Energy Agency projections for electricity decarbonization by 2035 for European and OECD countries and 2040 globally. The document asserts that ENGIE lacks a robust transition plan and calls on French banks to stop financing new gas-fired power plants and demand an end to the company's gas expansion strategy.

• ENGIE possesses a generating capacity exceeding 100 GW, yet 50% of its electricity is still produced from fossil fuel plants.
• ENGIE is pursuing new fossil gas projects and lacks a robust transition plan for phasing out fossil gas, which conflicts with International Energy Agency decarbonization timelines of 2035 for European and OECD countries and 2040 for the rest of the world.

APA

Martin, L. (2024). ENGIE banks support fossil gas expansion. Reclaim Finance. https://reclaimfinance.org/site/en/2024/09/10/engie-banks-support-fossil-gas-expansion/

Chicago

Martin, Léo. ENGIE banks support fossil gas expansion. Reclaim Finance, 2024. https://reclaimfinance.org/site/en/2024/09/10/engie-banks-support-fossil-gas-expansion/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=ENGIE banks support fossil gas expansion |publisher=Reclaim Finance |date=10 September 2024 |url=https://reclaimfinance.org/site/en/2024/09/10/engie-banks-support-fossil-gas-expansion/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024engie, author = {Martin, Léo}, title = {{ENGIE banks support fossil gas expansion}}, publisher = {Reclaim Finance}, year = {2024}, month = sep, url = {https://reclaimfinance.org/site/en/2024/09/10/engie-banks-support-fossil-gas-expansion/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }