Natixis : une occasion manquée de stopper l’expansion pétro-gazière

Reclaim Finance argues that Natixis's pledge to reduce oil and gas financing by 15% by 2024 is inadequate because it does not prohibit new loans to expanding companies and excludes equity and bond issuance support.

• Natixis announced a 15% reduction in financing for conventional and unconventional oil and gas exploration and production activities between 2020 and 2024, but the author argues this fails to address the climate priority of ending all support for oil and gas development.
• Reducing financial exposure, as pledged by Natixis, Société Générale (10% by 2025), and BNP Paribas (10% by 2025), does not prevent banks from issuing new loans to companies actively expanding oil and gas production unless accompanied by a clear exclusion policy.
• The financing commitments of Natixis, Société Générale, and BNP Paribas are limited to loans and do not cover the issuance of shares and bonds, which represent a significant portion of industry funding.
• To align with the International Energy Agency's (IEA) 1.5°C goal, no new investments in oil and gas projects should be made; however, companies like TotalEnergies plan to increase gas production between 2019 and 2030, with hydrocarbons still making up 80% of capital expenditure by 2030.

APA

admin (2021). Natixis : une occasion manquée de stopper l’expansion pétro-gazière. Reclaim Finance. https://reclaimfinance.org/site/2021/10/25/natixis-une-occasion-manquee-de-stopper-lexpansion-petro-gaziere/

Chicago

admin. Natixis : une occasion manquée de stopper l’expansion pétro-gazière. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/10/25/natixis-une-occasion-manquee-de-stopper-lexpansion-petro-gaziere/.

Wikipedia

{{cite press release |last1=admin |title=Natixis : une occasion manquée de stopper l’expansion pétro-gazière |publisher=Reclaim Finance |date=25 October 2021 |url=https://reclaimfinance.org/site/2021/10/25/natixis-une-occasion-manquee-de-stopper-lexpansion-petro-gaziere/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021natixis, author = {admin}, title = {{Natixis : une occasion manquée de stopper l’expansion pétro-gazière}}, publisher = {Reclaim Finance}, year = {2021}, month = oct, url = {https://reclaimfinance.org/site/2021/10/25/natixis-une-occasion-manquee-de-stopper-lexpansion-petro-gaziere/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }