SFDR : après les errements du Conseil, les parlementaires doivent corriger le tir

Reclaim Finance criticizes the EU Council's June 2026 position on the SFDR, which would allow fossil fuel developers to access "transition" funds based on a 20% capex alignment with the EU taxonomy and scope 1 and 2 decarbonization targets. The author contends this approach, influenced by oil and gas lobbying—specifically TotalEnergies and the French government—ignores scope 3 emissions and risks legitimizing greenwashing. The document calls on the European Parliament to exclude companies developing new oil and gas projects from such funds during its September 2026 deliberations.

• The EU Council's position on the SFDR would allow companies developing coal, oil, and gas to benefit from "transition" funds, contradicting an earlier European Commission proposal to exclude them.
• The Council's proposed criteria for transition funds rely on a 20% investment (capex) threshold aligned with the EU taxonomy and the adoption of decarbonization targets for scope 1 and 2 emissions.
• The proposed framework is criticized for ignoring scope 3 emissions, which account for 85% to 90% of sector emissions, and for lacking criteria regarding the production of fossil fuels.
• The shift in the Council's position is attributed to lobbying from the oil and gas industry, with TotalEnergies and the French government playing central roles.
• BloombergNEF analysis indicates that investments by oil and gas majors in fossil fuels have returned to historically high levels, similar to those seen in 2015.

APA

Martin, L. (2026). SFDR : après les errements du Conseil, les parlementaires doivent corriger le tir. Reclaim Finance. https://reclaimfinance.org/site/2026/08/06/sfdr-apres-les-errements-du-conseil-les-parlementaires-doivent-corriger-le-tir/

Chicago

Martin, Léo. SFDR : après les errements du Conseil, les parlementaires doivent corriger le tir. Reclaim Finance, 2026. https://reclaimfinance.org/site/2026/08/06/sfdr-apres-les-errements-du-conseil-les-parlementaires-doivent-corriger-le-tir/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=SFDR : après les errements du Conseil, les parlementaires doivent corriger le tir |publisher=Reclaim Finance |date=6 August 2026 |url=https://reclaimfinance.org/site/2026/08/06/sfdr-apres-les-errements-du-conseil-les-parlementaires-doivent-corriger-le-tir/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2026sfdr, author = {Martin, Léo}, title = {{SFDR : après les errements du Conseil, les parlementaires doivent corriger le tir}}, publisher = {Reclaim Finance}, year = {2026}, month = aug, url = {https://reclaimfinance.org/site/2026/08/06/sfdr-apres-les-errements-du-conseil-les-parlementaires-doivent-corriger-le-tir/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }