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The BOCC authors clarify that Barclays was given multiple opportunities to review deal information and methodology prior to the 2024 report's publication. They explain that differences in reported financing increases stem from BOCC's use of a more rigorous approach for diversified companies, which uses activity-based data from annual reports and Bloomberg rather than simple industry classifications.

The document clarifies the methodology used to identify "fossil assets" in bank balance sheets, noting that the scope is conservative and may underestimate risks due to bank opacity. It argues that while a significant loss in fossil asset value could severely impact bank equity, immediate bankruptcy is not certain as losses may be gradual and banks have other equity reserves. The text distinguishes its approach from the ACPR and AMF pilot exercise by focusing on stranded assets rather than optimistic climate scenarios. Finally, it proposes a "fossil bank"—a "bad bank" funded by the ECB—to repurchase fossil assets at a discount to ensure financial stability and a just transition without using public funds.