Assemblée générale de Crédit Agricole : to-do list pour une banque verte

Reclaim Finance criticizes Crédit Agricole for continuing to support oil and gas expansion despite its claim to be a "green bank" and its commitment to carbon neutrality by 2050. The organization highlights that the bank provided $33 billion to the 100 largest fossil fuel developers since the Paris Agreement and remains the primary financial supporter of TotalEnergies, including a recent $8 billion revolving loan. Reclaim Finance calls on the bank to use its general assembly and upcoming strategic plan to end support for new fossil fuel projects and to vote against incompatible climate plans of oil majors through its subsidiary Amundi.

• Crédit Agricole has provided $33 billion to the 100 largest fossil fuel developers since the Paris Agreement, and its current policies do not effectively stop support for oil and gas expansion because they only exclude certain non-conventional fields and infrastructures on part of the value chain.
• The bank continues to support companies developing new oil and gas fields, as it only excludes companies where shale oil, shale gas, and oil sands represent more than 30% of activity; it has been a major supporter of Gazprom, Petrobras, Saudi Aramco, and BP between 2016 and 2021.
• Crédit Agricole is the top financial supporter and second-largest shareholder of TotalEnergies, providing $7.1 billion between 2016 and 2021 and recently granting an $8 billion revolving loan for general corporate purposes that could potentially fund projects like the EACOP oil megaproject.
• Through its asset management subsidiary Amundi, Crédit Agricole is urged to vote against the climate plans of European oil majors, as a coalition of investors found that none of these plans are compatible with the climate emergency.

APA

admin (2022). Assemblée générale de Crédit Agricole : to-do list pour une banque verte. Reclaim Finance. https://reclaimfinance.org/site/2022/05/20/assemblee-generale-de-credit-agricole-to-do-list-pour-une-banque-verte/

Chicago

admin. Assemblée générale de Crédit Agricole : to-do list pour une banque verte. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/05/20/assemblee-generale-de-credit-agricole-to-do-list-pour-une-banque-verte/.

Wikipedia

{{cite press release |last1=admin |title=Assemblée générale de Crédit Agricole : to-do list pour une banque verte |publisher=Reclaim Finance |date=20 May 2022 |url=https://reclaimfinance.org/site/2022/05/20/assemblee-generale-de-credit-agricole-to-do-list-pour-une-banque-verte/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2022assemble, author = {admin}, title = {{Assemblée générale de Crédit Agricole : to-do list pour une banque verte}}, publisher = {Reclaim Finance}, year = {2022}, month = may, url = {https://reclaimfinance.org/site/2022/05/20/assemblee-generale-de-credit-agricole-to-do-list-pour-une-banque-verte/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }