Sortir de la dpendance aux fossiles

The document calls for an immediate end to financial support for fossil fuel expansion to meet the 1.5°C climate goal. It criticizes financial institutions for insufficient exclusion policies and highlights the danger of non-conventional hydrocarbons and the continued expansion plans of oil and gas majors.

• Current global fossil fuel production plans exceed the levels required to limit warming to 1.5°C by 120%, according to the UNEP Production Gap Report.
• Financial institutions have continued to provide massive funding to fossil fuels since the Paris Agreement, with banks providing 2,700 billion dollars in financing. Specifically, French banks have provided nearly 126 billion dollars for oil and gas projects.
• Non-conventional hydrocarbons, primarily shale gas and oil in the United States and Canada, represent a critical climate risk; over 85% of global oil and gas production growth expected by 2025 is concentrated there, which could consume 26% of the remaining global carbon budget for the 1.5°C target.
• Oil and gas majors, including Total, Shell, Chevron, Exxon, and BP, often evade financial exclusion policies due to their diversification. These companies have over 50% of their development plans through 2024 focused on shale gas and oil and are responsible for most planned Arctic projects.
• The document identifies three pitfalls for financial actors claiming alignment with the 1.5°C goal: delaying action while waiting for perfect data, partnering with insincere actors (citing CalPERS as having weak policies), and relying on unrealistic climate scenarios, specifically those from the IEA and the Network for Greening the Financial System.

APA

Reclaim Finance (2020). Sortir de la dpendance aux fossiles. https://reclaimfinance.org/site/sortir-de-la-dependance-aux-fossiles/

Chicago

Reclaim Finance. Sortir de la dpendance aux fossiles. 2020. https://reclaimfinance.org/site/sortir-de-la-dependance-aux-fossiles/.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Sortir de la dpendance aux fossiles |date=15 March 2020 |url=https://reclaimfinance.org/site/sortir-de-la-dependance-aux-fossiles/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2020sortir, author = {{Reclaim Finance}}, title = {{Sortir de la dpendance aux fossiles}}, publisher = {Reclaim Finance}, year = {2020}, month = mar, url = {https://reclaimfinance.org/site/sortir-de-la-dependance-aux-fossiles/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }