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Briefing for financial institutions supporting ENGIE
Reclaim Finance assesses ENGIE's 2025 climate plan, finding it insufficient for a 1.5°C pathway. The analysis highlights that nearly half of ENGIE's capacity remains fossil gas-based, with no specific exit dates or asset-by-asset strategies. While renewable targets increased to 95 GW by 2030, the company continues gas expansion through new plants and LNG contracts. The briefing recommends that financial institutions demand a halt to gas infrastructure and that shareholders vote against the 'Say on Climate' proposal and the reappointment of CEO Catherine MacGregor.
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Document type: Briefing
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