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A coalition of NGOs denounces TotalEnergies' plan to restart the $20 billion Mozambique LNG project, citing a 'deep contempt' for local communities and the environment. The organizations highlight that the project's resumption is contingent on the Mozambican government approving a revised budget that includes $4.5 billion in additional costs incurred during the force majeure period. The statement further alleges severe human rights abuses, including the 'container massacre' and torture of civilians, and calls on financial institutions—including Crédit Agricole, Société Générale, and various export credit agencies—to withdraw their support.

A coalition of civil society organisations condemns TotalEnergies' plan to restart the USD 20 billion Mozambique LNG project. The organisations highlight that the restart is conditional on the Mozambican government approving a revised budget that includes USD 4.5 billion in incremental costs incurred during the force majeure period. The statement warns that the project's 'fortress' security model increases the vulnerability of local populations to an ongoing regional insurgency and recalls allegations of serious human rights abuses, including the 'container massacre' and torture of civilians on the gas site. The coalition calls on financial institutions, including export credit agencies and banks, to withdraw their support for the project due to these environmental, social, and financial risks.

Reclaim Finance asserts that France is failing to lead a global coal exit ten years after the Paris Agreement. Despite domestic plans to close coal plants by 2027, major French banks like BNP Paribas and Société Générale continue to finance thermal and metallurgical coal projects internationally. The document also highlights the failure of the Coal Transition Accelerator (CTA) and other diplomatic efforts to create binding international standards for coal phase-out.

The steel sector, responsible for 11% of global CO2 emissions, requires a significant increase in sustainable electricity to transition from coal-based production to electricity-intensive methods like green hydrogen-DRI and electric arc furnaces. However, the world's 65 largest banks continue to prioritize fossil fuel financing over sustainable power, with a financing ratio of 0.42:1 between 2021 and 2024, far below the IEA's Net Zero scenario. The document warns that insufficient investment in renewable energy risks a 'gas trap' where steelmakers remain locked into fossil gas instead of switching to green hydrogen. It specifically criticizes European banks for continuing to support coal-based steelmakers and met coal developers despite having decarbonization targets.

The document argues that French life insurance companies are undermining their own climate goals by delegating investments to asset managers that support fossil fuel expansion. It highlights a gap between the climate ambitions of insurers—some of whom have stopped new bond investments in fossil fuel expansion—and the practices of managers like BlackRock and JP Morgan Asset Management. Reclaim Finance calls for the implementation of science-based selection criteria, clear deadlines for manager compliance, and more public, collective engagement to reduce financial risks associated with climate change.

The document is an open letter to President Emmanuel Macron from a coalition of climate and human rights organizations. The authors warn that the 'Omnibus I' proposal in the European Parliament is undermining the European due diligence directive. They highlight a conflicting letter sent to the President by 46 companies, including TotalEnergies and Siemens AG, which called for the 'abrogation' of the CSDDD. The signatories argue that France, as a pioneer of corporate duty of vigilance and a signatory of the Paris Agreement, must ensure multinationals are required to identify, prevent, and remedy social, environmental, and climate impacts. They further claim that deregulation efforts are influenced by US interests, specifically ExxonMobil and President Trump, and align with the agenda of the French far-right.

The report contends that using carbon credits to close coal plants replicates past failures of offsetting mechanisms, which often generate fictitious credits and allow polluters to continue operating. It argues that the primary goal of these markets is the exchange of credits rather than actual emission reductions. Instead of using offsets to buy out investors, the document recommends ending financial services for new coal projects, removing barriers to sustainable energy deployment, avoiding full public indemnification of stranded assets, and implementing sector-wide coordinated coal exits.

A coalition of NGOs, including Reclaim Finance and Friends of the Earth France, is urging banks to withdraw support for gas projects in Mozambique, specifically citing the 'fortress strategy' of TotalEnergies and the ongoing instability in Cabo Delgado.

A coalition of civil society organisations, including Reclaim Finance and Justiça Ambiental!, condemns the push by companies like TotalEnergies, ENI, and ExxonMobil to advance gas projects in Mozambique. They argue that restarting these projects, specifically the Mozambique LNG project, ignores unresolved community grievances and escalates security risks in Cabo Delgado. The organisations call on over 30 financial institutions, including Crédit Agricole and Standard Chartered, to withdraw support to avoid complicity in human rights abuses and environmental destruction.

Ten years after the Paris Agreement, French banks and insurers continue to heavily finance fossil fuel expansion, with some increasing their support for oil and gas extraction. The report argues that 'green finance' and ESG labels are largely greenwashing, as they fail to redirect capital away from climaticide activities. It further criticizes the French and European governments for favoring voluntary industry commitments over binding regulations and for weakening key directives like the CSRD and CSDDD under pressure from financial lobbies.

The document evaluates the role of bioenergy in the energy transition, specifically critiquing the International Energy Agency's (IEA) Net Zero Emissions (NZE) scenario for its heavy reliance on biomass. It argues that solid biomass creates a 'carbon debt' and threatens biodiversity, while biogas and biofuels often have greenhouse gas intensities comparable to fossil fuels due to land-use change and methane leaks. Reclaim Finance concludes that bioenergy should not be included in sustainable financing frameworks, as it competes with wind and solar power and risks prolonging the use of fossil gas infrastructure.

The report argues that the European Commission's 'Omnibus I' proposal, unveiled on February 26, 2025, represents a shift toward deregulation driven by disproportionate private sector influence. Analysis of meeting logs shows that Executive Vice-President Stéphane Séjourné and his office met almost exclusively with business interests, while excluding civil society, NGOs, and trade unions. This lobbying resulted in significant setbacks for the Corporate Sustainability Due Diligence Directive (CSDDD) and the Corporate Sustainability Reporting Directive (CSRD), including the removal of obligations for financial services to undergo due diligence reviews.

The report critiques 'coal transition offsets' (CTOs), specifically those promoted by the Rockefeller Foundation's Coal-to-Clean-Credit Initiative (CCCI) and Singapore's Traction Coalition. It argues that CTOs inherit the systemic failures of the broader carbon offset market, including non-additionality and over-crediting. Through analysis of pilot projects in the Philippines, the document demonstrates how CTOs may not actually accelerate plant closures and can create perverse incentives for policymakers to avoid mandating coal phaseouts. The author recommends shifting focus from individual plant buyouts to systemic energy reforms, such as grid modernization and the renegotiation of power purchase agreements (PPAs) to reduce the financial burden of retiring coal assets.

The report analyzes how the 'Omnibus I' law, presented on February 26, 2025, by Executive Vice-President Stéphane Séjourné, rolls back key environmental and social protections. It details a significant imbalance in the consultation process, where the vast majority of meetings were held with private economic interests while civil society was largely excluded. A specific case study highlights how the French asset management lobby successfully pushed for the removal of a clause that would have required the Commission to study the necessity of regulating financial services under the CSDDD.

A coalition of organizations calls on the European Commission to prevent greenwashing in the revised Sustainable Finance Disclosure Regulation (SFDR) by requiring the exclusion of companies developing new fossil fuel projects from all sustainable finance categories.

Reclaim Finance calls on AXA to cease insurance coverage for Venture Global's Calcasieu Pass 2 LNG project after dredging activities caused sediment overflow that damaged public wetlands and fisheries in Cameron, Louisiana, impacting local commercial fishing livelihoods.

Reclaim Finance asserts that ING's 2025 Climate Update fails to introduce new policies and obscures the bank's ongoing support for fossil fuel developers. The report highlights that ING continues to provide corporate financing for LNG infrastructure and is a major lender to Venture Global. Furthermore, it claims ING misleadingly uses its Science Based Targets initiative (SBTi) validation while ignoring the July 2025 Net-Zero Standard for Financial Institutions, which requires the exclusion of financing for companies developing new coal, oil, or gas projects by 2030.

Reclaim Finance reports that asset managers are bypassing European Securities and Markets Authority (ESMA) guidelines on ESG fund naming to continue investing in fossil fuel developers. Analysis of 190 French-domiciled or managed funds shows nearly half changed names to avoid regulatory constraints. The document attributes these loopholes to lobbying by firms like BlackRock and Amundi and warns that similar gaps may be introduced into the revised Sustainable Finance Disclosure Regulation (SFDR).

Reclaim Finance reports that asset managers are using regulatory loopholes in ESMA's fund-naming guidelines to avoid excluding fossil fuel investments while retaining ESG-related names. The organization highlights that major financial firms lobbied for less stringent criteria and warns that similar lobbying regarding the SFDR regulation could institutionalize greenwashing. Reclaim Finance demands a strict ban on investments in new fossil fuel projects for any fund claiming to be sustainable, ESG, or transition-focused.

In July 2025, the European Central Bank (ECB) announced a 'climate factor' to be added to its collateral framework, which will discount the value of assets used as guarantees by banks based on climate-related risks. The factor employs a three-tier analysis covering asset-level vulnerability (based on residual maturity), company-level transition risk (using carbon intensity and decarbonization targets), and sector-level stress (based on Eurosystem climate stress test data). While the measure aims to disincentivize the use of carbon-intensive assets, the author warns of methodological flaws in the company-level analysis—such as the use of carbon intensity over absolute emissions and a 'best-in-class' approach—that may shield some polluting companies. Currently, the factor applies only to marketable assets from non-financial corporations and affiliated entities, representing less than 5% of pledged collateral, though it may signal a broader shift in how European banks price climate risk ahead of its mid-2026 implementation.