Natixis: il est lheure de sattaquer aux majors pro-gazires
Summary
Reclaim Finance criticizes Natixis for continuing to support oil and gas majors and shale energy infrastructure despite overall reductions in fossil fuel financing. The statement highlights gaps in the bank's exclusion policies, its role as a top French investor in high-production shale companies, and the lack of fossil fuel policies across several of its investment management subsidiaries.
Key insights
- While Natixis has reduced overall fossil fuel support over two years, it has increased support for oil and gas majors that develop new projects in high-risk sectors such as shale oil and gas, oil sands, and Arctic drilling.
- Natixis's policy on shale oil and gas is insufficient because it still allows the financing of transport infrastructure, such as liquefied shale gas export terminals, which facilitates increased production.
- In 2020, Natixis was the leading French investor in the shale sector, holding $4.4 billion in investments across 75 companies projected to have the highest production by 2050, partly due to a 25% exclusion threshold that fails to exclude diversified majors.
- Several subsidiaries of Natixis Investment Managers—specifically DNCA, Loomis, and Ossiam—have not adopted policies to reduce fossil fuel exposure, unlike the subsidiary Ostrum.
Cite the original document
- APA
- admin (2021). Natixis: il est lheure de sattaquer aux majors pro-gazires. Reclaim Finance. https://reclaimfinance.org/site/2021/05/27/natixis-il-est-lheure-de-sattaquer-aux-majors-petro-gazieres/
- Chicago
- admin. Natixis: il est lheure de sattaquer aux majors pro-gazires. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/05/27/natixis-il-est-lheure-de-sattaquer-aux-majors-petro-gazieres/.
- Wikipedia
- {{cite press release |last1=admin |title=Natixis: il est lheure de sattaquer aux majors pro-gazires |publisher=Reclaim Finance |date=27 May 2021 |url=https://reclaimfinance.org/site/2021/05/27/natixis-il-est-lheure-de-sattaquer-aux-majors-petro-gazieres/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{admin2021natixis, author = {admin}, title = {{Natixis: il est lheure de sattaquer aux majors pro-gazires}}, publisher = {Reclaim Finance}, year = {2021}, month = may, url = {https://reclaimfinance.org/site/2021/05/27/natixis-il-est-lheure-de-sattaquer-aux-majors-petro-gazieres/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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