AG ENGIE : les actionnaires doivent voter contre l’expansion gazière

Reclaim Finance calls on ENGIE shareholders to oppose the company's continued investment in fossil gas, arguing that its strategy is incompatible with a 1.5°C warming limit and its own 2045 carbon neutrality goal. The organization specifically highlights the planned gas power plant in Nijmegen, Netherlands, and long-term US shale gas contracts as evidence of misalignment with climate science. It advocates for voting against the re-election of directors and executive pay at the April 30 general meeting to force a strategic shift away from gas and uncertain technologies like CCUS and biomethane.

• ENGIE's energy mix remained heavily reliant on fossil fuels in 2023, with 51% of its energy mix coming from these sources.
• The company plans to allocate 6% of its capital expenditures to the development of new gas-fired power plants by 2026, which contradicts the IEA's Net Zero Emissions by 2050 scenario.
• ENGIE is expanding its liquefied natural gas (LNG) activities through import terminals and has secured two US shale gas supply contracts that run until 2041 and 2042.
• Specific projects cited as incompatible with climate goals include a new fossil gas power plant in Nijmegen, Netherlands, and the decision in 2021 to convert a coal plant to gas in Mejillones, Chile.
• ENGIE's decarbonization strategy relies on technologies described as uncertain, specifically carbon capture, utilization and storage (CCUS) and biomethane.

APA

Martin, L. (2024). AG ENGIE : les actionnaires doivent voter contre l’expansion gazière. Reclaim Finance. https://reclaimfinance.org/site/2024/04/15/ag-dengie-les-actionnaires-doivent-voter-contre-lexpansion-gaziere/

Chicago

Martin, Léo. AG ENGIE : les actionnaires doivent voter contre l’expansion gazière. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/04/15/ag-dengie-les-actionnaires-doivent-voter-contre-lexpansion-gaziere/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=AG ENGIE : les actionnaires doivent voter contre l’expansion gazière |publisher=Reclaim Finance |date=15 April 2024 |url=https://reclaimfinance.org/site/2024/04/15/ag-dengie-les-actionnaires-doivent-voter-contre-lexpansion-gaziere/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024engie, author = {Martin, Léo}, title = {{AG ENGIE : les actionnaires doivent voter contre l’expansion gazière}}, publisher = {Reclaim Finance}, year = {2024}, month = apr, url = {https://reclaimfinance.org/site/2024/04/15/ag-dengie-les-actionnaires-doivent-voter-contre-lexpansion-gaziere/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }