lettercreditagricolesupportfossilfuelrussia02032022-10dadd6b12240ebd.pdf
Summary
Reclaim Finance calls on Crédit Agricole to stop financing Russian coal, oil, and gas companies, specifically highlighting the bank's role as a main banker for Gazprom. The letter demands divestment from a provided blacklist of Russian energy firms and the suspension of support for non-Russian companies still active in Russia, such as TotalEnergies, until they withdraw.
Key insights
- Reclaim Finance demands that Crédit Agricole immediately stop providing financial services, new financing, and investment to energy companies in Russia's coal, oil, and gas sectors, and divest from existing assets.
- Crédit Agricole is specifically identified as one of the primary bankers and investors for the major Russian fossil fuel company Gazprom.
- The organization calls for the suspension of financial support for non-Russian fossil fuel companies still operating in Russia, including TotalEnergies, Fortum/Uniper, and Wintershall, until they withdraw from their operations.
- The document provides a 'Russian Fossil Fuel Blacklist' consisting of companies from Urgewald’s Global Coal Exit List and Global Oil and Gas Exit List, including Russian entities like PJSC Rosneft Oil Company, PJSC LUKOIL, and PAO NOVATEK.
Cite the original document
- APA
- Pinson, L. (2022). lettercreditagricolesupportfossilfuelrussia02032022-10dadd6b12240ebd.pdf. Reclaim Finance. https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterCreditAgricoleSupportFossilFuelRussia02032022.pdf
- Chicago
- Pinson, Lucie. lettercreditagricolesupportfossilfuelrussia02032022-10dadd6b12240ebd.pdf. Reclaim Finance, 2022. https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterCreditAgricoleSupportFossilFuelRussia02032022.pdf.
- Wikipedia
- {{cite press release |last1=Pinson |first1=Lucie |title=lettercreditagricolesupportfossilfuelrussia02032022-10dadd6b12240ebd.pdf |publisher=Reclaim Finance |date=2 March 2022 |url=https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterCreditAgricoleSupportFossilFuelRussia02032022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{pinson2022lettercreditagricolesupportfossilfuelrussia0203202210dadd6b12240ebdpdf, author = {Pinson, Lucie}, title = {{lettercreditagricolesupportfossilfuelrussia02032022-10dadd6b12240ebd.pdf}}, publisher = {Reclaim Finance}, year = {2022}, month = mar, url = {https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterCreditAgricoleSupportFossilFuelRussia02032022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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