The Banque de France lags on fossil fuels

The Banque de France is criticized for failing to adopt a coal exit policy aligned with the Paris Agreement and for continuing to finance unconventional fossil fuels, despite commitments from other French financial players.

• The Banque de France has not adopted a policy to move away from coal and continues to support other fossil fuels, trailing behind other French financial actors such as the Caisse des Dépôts et Consignation.
• The Bank's current coal exclusion policy is limited to companies with over 20% of turnover linked to thermal coal, which the author argues is insufficient as it does not account for electricity generation shares or prevent the development of new power plants.
• The Banque de France continues to provide financing for 'unconventional' energies and companies planning to exploit new reserves, despite calls from the Minister of Economy and Finance for these to be phased out.

APA

admin (2020). The Banque de France lags on fossil fuels. Reclaim Finance. https://reclaimfinance.org/site/en/2020/10/29/the-banque-de-france-laggs-on-fossil-fuels/

Chicago

admin. The Banque de France lags on fossil fuels. Reclaim Finance, 2020. https://reclaimfinance.org/site/en/2020/10/29/the-banque-de-france-laggs-on-fossil-fuels/.

Wikipedia

{{cite press release |last1=admin |title=The Banque de France lags on fossil fuels |publisher=Reclaim Finance |date=29 October 2020 |url=https://reclaimfinance.org/site/en/2020/10/29/the-banque-de-france-laggs-on-fossil-fuels/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020banque, author = {admin}, title = {{The Banque de France lags on fossil fuels}}, publisher = {Reclaim Finance}, year = {2020}, month = oct, url = {https://reclaimfinance.org/site/en/2020/10/29/the-banque-de-france-laggs-on-fossil-fuels/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }