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Une approche à deux voies de la remise en état collaborative
The research paper details a partnership between the Fort McKay First Nation, the Universities of Calgary and Waterloo, and the oil sands industry to address gaps in mine reclamation policies. It introduces the 'two-eyed approach' for intercultural governance, the 'Respect Cycle' as an ethical code for collaboration, and an 'Intercultural Closure and Reclamation Framework' consisting of six phases to ensure restored lands provide socio-economic, cultural, and environmental benefits. The document emphasizes that inclusive reclamation is a form of reconciliation and essential for an ethical energy transition in Canada.
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Document type: Research paper
Questions écrites pour BNP PARIBAS
Reclaim Finance has submitted a series of critical questions to BNP Paribas ahead of its May 2022 General Meeting. The document argues that the bank's current sectoral policies are insufficient to meet a 1.5°C warming trajectory, citing continued support for major oil and gas developers like Shell, BP, and TotalEnergies. It specifically highlights the bank's indirect support for the EACOP project in Uganda and Tanzania, its failure to exclude parent companies of coal miners like Glencore and RWE, and its financial ties to companies linked to tropical deforestation. The organization calls for a total stop to new fossil fuel infrastructure financing and more stringent exclusion criteria for non-conventional hydrocarbons and coal.
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Document type: Statement
L'art de noyer le poisson : nous répondons au lobby des banques françaises
The document rebuts the Fédération bancaire française's (FBF) assertions that French banks are prioritizing the climate transition. It argues that despite Net-Zero commitments, French banks provided over $350 billion to fossil fuels between 2016 and 2021 and continue to fund companies expanding fossil fuel production, contrary to IEA recommendations for a 1.5°C pathway.
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Document type: Statement
FOSSIL FUEL FINANCE REPORT 2022
The report finds that the world's 60 largest banks provided USD $4.6 trillion in fossil fuel financing from 2016 to 2021, with $742 billion in 2021 alone. It highlights a significant gap between banks' net-zero commitments and their actual lending and underwriting practices, particularly regarding companies expanding oil, gas, and coal production. The analysis identifies JPMorgan Chase as the world's worst banker of fossil fuels over this period. The report also details financing in high-impact subsectors, such as tar sands, Arctic oil and gas, and coal power, while emphasizing the human rights impacts on Indigenous and frontline communities.
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Document type: Report
Microsoft Word - IET letter on fossil fuels SGR.docx
Scientists for Global Responsibility (SGR) has called on the Institution of Engineering and Technology (IET) to phase out financial ties to fossil fuel companies, specifically those not aligned with the Paris Agreement's 2°C goal. While acknowledging the IET's commitment to net-zero operations within ten years, SGR highlights ongoing concerns regarding the IET's investments in oil sands and thermal coal, a lack of transparency in corporate payments, and the absence of a formal environmental policy. SGR recommends that the IET adopt fossil fuel-free indexes, report the carbon footprint of its investment portfolio, and align its practices with other professional bodies that have already divested from fossil fuels and arms.
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Document type: Statement
Institution of Engineering and Technology (IET) Update on financial links with fossil fuels and arms corporations
The report by Scientists for Global Responsibility (SGR) finds that the Institution of Engineering and Technology (IET) maintains significant financial ties to the arms and fossil fuel sectors through investments, corporate partnerships, and sponsorships. Despite adopting an ESG policy in 2019 and setting a net-zero target for its own operations, the IET has not excluded any asset types from its investments. SGR highlights that the IET invests in funds containing thermal coal, oil sands, and various controversial and nuclear weapons. Furthermore, the IET maintains corporate partnerships with numerous arms companies and fossil fuel giants like BP and Shell. SGR argues these links contradict the IET's stated values of integrity and its goal of 'working to engineer a better world', especially as peers in other scientific and medical fields have moved toward full divestment.
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Document type: Report
Data on fossil fuel companies
The document provides a detailed table and supplementary notes on fossil fuel companies, tracking their emissions intensity pathways against 1.5°C and 2°C targets. It highlights that many major companies, including BP, Chevron, and Saudi Aramco, have emissions intensity pathways outside the 2°C target. The report also identifies companies with interests in tar sands, such as ExxonMobil and Royal Dutch Shell, and notes that the SBTi stopped accepting commitments from fossil fuel companies in March 2022. Additionally, it documents environmental disasters, corruption allegations, and disinformation campaigns linked to these entities.
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Document type: Fact sheet
Lloyd’s of London Environmental, Social and Governance Guidance
ClientEarth has written to the Society of Lloyd’s to challenge the lack of transparency and enforcement mechanisms in its ESG Guidance. The letter questions how the Society will judge the adequacy of managing agents' climate strategies, whether it will require the publication of targets, and what specific actions will be taken if agents fail to meet net-zero goals or continue providing cover for high-carbon activities like coal and Arctic oil.
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Document type: Statement
Crédit Agricole rîmera-t-il longtemps avec roi du pétrole et du gaz ?
Reclaim Finance criticizes Crédit Agricole for maintaining significant financial ties to the fossil fuel industry despite claiming to be a 'green bank'. The organization highlights that the bank provided $64 billion to fossil fuels between 2016 and 2020 and remains a top supporter of TotalEnergies. The text specifically calls for the bank to expand its Arctic exclusion zones, exit non-conventional hydrocarbons by 2030, and align the investment policies of its asset manager, Amundi, with its climate goals.
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Document type: Statement
The climate litmus test: for or against oil and gas expansion
The statement calls for an immediate end to the financing of conventional and unconventional oil and gas expansion in France. It contrasts the recommendations of French regulators (ACPR and AMF) with the actions of Minister Bruno Le Maire and major banks like BNP Paribas, which it claims maintain the status quo. While some investors and banks like La Banque Postale and Crédit Mutuel have committed to ending support for new projects, the document asserts that many others use 'diversion strategies' or flawed policies to continue backing oil and gas majors, specifically TotalEnergies.
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Document type: Statement
Lloyd’s of London position on transition to net-zero
ClientEarth argues that the Society of Lloyd’s is risking 'greenwash' by making public net-zero commitments while keeping the specific guidance issued to managing agents private. The letter asserts that without transparency, it is impossible to verify if Lloyd's is following a science-based pathway or maintaining its previous 'Fuel Targets' to exit coal, tar sands, and Arctic oil. ClientEarth warns that misleading statements could breach the legal and regulatory duties of the Society and its Council members under FCA and PRA rules.
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Document type: Statement
Une ligne de fracture se dessine pour ou contre l’expansion pétro-gazière
The statement critiques the French financial sector's response to the climate crisis, highlighting a divide between institutions adopting strict exclusion policies for oil and gas expansion and those maintaining the status quo. It specifically condemns the French Ministry of Economy and Finance for avoiding strict regulatory frameworks and calls on major entities like AXA to stop insuring new fossil fuel projects.
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Document type: Statement
Climate Finance Day : la finance française face à l'expansion du pétrole et du gaz
Reclaim Finance criticizes the French financial center for continuing to fund the expansion of fossil fuels despite scientific warnings. While a few institutions like La Banque Postale, MAIF, and Ircantec have committed to exiting oil, gas, and unconventional hydrocarbons by 2030, the document claims most French banks and insurers, including AXA, remain supportive of the industry. It specifically highlights TotalEnergies' plans to increase gas production by 35% by 2030 and calls on the French government to implement a mandatory regulatory framework to end fossil fuel financing.
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Document type: Statement
Eye of fire in the Gulf of Mexico: which banks and investors are backing Pemex?
The document highlights the financial backing of Pemex by global banks and investors following a pipeline leak and fire in the Gulf of Mexico. It criticizes Pemex's plans to expand production by 2050 and calls for the financial sector to end support for oil and gas expansion, particularly high-risk offshore drilling, ahead of COP 26.
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Document type: Statement
Lloyd’s of London Environmental, Social and Governance Report 2020
ClientEarth argues that Lloyd's of London's 2020 ESG Report fails to align the insurance market with the Paris Agreement goals. The letter highlights gaps in the 'Climate Targets', such as the lack of restrictions on oil and gas (outside tar sands and the Arctic) and the absence of scope 3 emissions targets. ClientEarth asserts that the Society of Lloyd's has a legal duty under PRA Solvency II rules and the 'prudent person principle' to manage climate risks, which include physical risks making assets uninsurable and transition risks leading to stranded assets. The document questions whether the Climate Targets are binding and calls for transparent public disclosure of managing agents' compliance.
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Document type: Statement
Natixis: il est lheure de sattaquer aux majors pro-gazires
Reclaim Finance criticizes Natixis for continuing to support oil and gas majors and shale energy infrastructure despite overall reductions in fossil fuel financing. The statement highlights gaps in the bank's exclusion policies, its role as a top French investor in high-production shale companies, and the lack of fossil fuel policies across several of its investment management subsidiaries.
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Document type: Statement
BNP Paribas, bras armé des majors pétrolières et gazières expansionnistes
Reclaim Finance criticizes BNP Paribas for continuing to finance the expansion of oil and gas despite a pledge to reduce its exposure by 10% between 2020 and 2025. The organization argues that this target is inadequate given the climate emergency and is undermined by the bank's previous funding surges and the exclusion of equity and bond issuances from the commitment. Furthermore, the document highlights that BNP Paribas remains a top financier for majors like Shell, BP, Eni, and Total, contributing to the growth of high-risk sectors such as oil sands, shale gas, and Arctic drilling.
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Document type: Statement
Société Générale : des engagements climat de façade
Reclaim Finance criticizes Société Générale for maintaining high levels of fossil fuel financing despite public pledges to exit coal and reduce oil and gas exposure. The document highlights the bank's continued support for Arctic extraction, shale gas, and liquefied natural gas (LNG), as well as its use of semantic loopholes to fund coal-heavy entities like EPH.
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Document type: Statement
Crédit Agricole : le roi du pétrole et du gaz
The statement by Reclaim Finance criticizes Crédit Agricole for providing 64 billion dollars in financing to coal, oil, and gas between 2016 and 2020. It highlights that the bank remains one of the top 10 global financiers of companies active in the Arctic and has increased its support for unconventional oil and gas, including shale gas, despite public commitments to revise its policies.
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Document type: Statement
adoption de politiques sectorielles sur pétrole et gaz dici la COP 26 sur le climat
Reclaim Finance calls on the Paris financial center to lead a global transition by ending support for fossil fuel expansion. The letter argues that to limit warming to 1.5°C, oil and gas production must decrease annually, and financial actors should exit non-conventional sectors by 2030 and all oil and gas by 2040 in the OECD and 2050 globally.
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Document type: Statement