Fonds de réserve pour les retraites : encore de l'argent public pour les fossiles

Reclaim Finance argues that the Fonds de réserve pour les retraites (FRR) continues to use public money to support fossil fuel expansion despite updating its exclusion policy. The FRR's new measures only target unconventional hydrocarbons and thermal coal, leaving conventional oil and gas investments intact. The document also highlights the FRR's failure to implement science-based criteria for selecting asset managers, noting that it continues to work with firms like BlackRock despite their climate records.

• The FRR's updated exclusion policy is insufficient because it does not stop investments in companies developing new oil and gas projects, such as TotalEnergies, and only restricts unconventional hydrocarbons by lowering the revenue exclusion threshold from 20% to 10% and stopping direct financing for new unconventional projects.
• The FRR continues to invest in conventional oil and gas companies, including Saudi Aramco and Eni, which contradicts the 1.5°C warming limit trajectory the fund claims to target.
• While the FRR has tightened restrictions on thermal coal by lowering the revenue exclusion threshold from 5% to 1% and excluding developers of new thermal coal infrastructure, it has failed to establish restrictions or engagement strategies for metallurgical coal.
• The FRR lacks science-based climate criteria for selecting and engaging external asset managers, allowing it to continue employing managers with poor climate records, such as BlackRock.

APA

Martin, L. (2026). Fonds de réserve pour les retraites : encore de l'argent public pour les fossiles. Reclaim Finance. https://reclaimfinance.org/site/2026/02/06/fonds-de-reserve-pour-les-retraites-encore-de-largent-public-pour-les-fossiles/

Chicago

Martin, Léo. Fonds de réserve pour les retraites : encore de l'argent public pour les fossiles. Reclaim Finance, 2026. https://reclaimfinance.org/site/2026/02/06/fonds-de-reserve-pour-les-retraites-encore-de-largent-public-pour-les-fossiles/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Fonds de réserve pour les retraites : encore de l'argent public pour les fossiles |publisher=Reclaim Finance |date=6 February 2026 |url=https://reclaimfinance.org/site/2026/02/06/fonds-de-reserve-pour-les-retraites-encore-de-largent-public-pour-les-fossiles/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2026fonds, author = {Martin, Léo}, title = {{Fonds de réserve pour les retraites : encore de l'argent public pour les fossiles}}, publisher = {Reclaim Finance}, year = {2026}, month = feb, url = {https://reclaimfinance.org/site/2026/02/06/fonds-de-reserve-pour-les-retraites-encore-de-largent-public-pour-les-fossiles/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }