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THE BOND MARKET: A cash cow for TotalEnergies’ climate-wrecking projects
The report claims that TotalEnergies is not transitioning to clean energy, instead planning to increase oil and gas production by 2-3% per year by 2028. It highlights that the global bond market is a critical funding source, providing 68% of the company's financing between 2016 and 2022. The document asserts that banks and investors use bonds to indirectly support projects like EACOP and Mozambique LNG while avoiding direct loan risks, and calls for an immediate end to the issuance of new bonds to align with 1.5°C warming limits.
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Document type: Report
ASSESSMENT OF TOTALENERGIES’ CLIMATE STRATEGY
The report concludes that TotalEnergies' strategy prioritizes oil and gas expansion and shareholder returns over the energy transition. It finds that the company's 2030 production targets and LNG capacity expansions significantly overshoot NZE limits, while its renewable energy growth relies primarily on acquisitions rather than organic development. Furthermore, the report argues that TotalEnergies' diversification into gas power, blue hydrogen, and bioenergy is unsustainable and that its emissions targets rely heavily on unproven carbon capture and offset technologies.
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Document type: Report
The Potential for Superhot Rock Energy in Oceania
The document argues that Oceania possesses significant superhot rock energy potential, with modeling suggesting that 15% of the region's land area has resources at depths below 12.5 km. It highlights that just 1% of this resource could provide 1.1 terawatts of energy capacity. The report suggests that the region's existing oil and gas expertise could be leveraged to commercialize this technology, which offers high energy density and low land-use requirements compared to other renewables. While not expected to meet 2030 climate goals, it is presented as a long-term solution for decarbonization and grid stability.
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Document type: Case study
Integrating Learning Into the National Adaptation Plan Process
The report argues that the effectiveness of National Adaptation Plan (NAP) processes depends on embedding deliberate learning—defined as the collective process of acquiring and applying knowledge to change attitudes and behaviors—rather than assuming learning happens automatically through monitoring and evaluation (M&E). It proposes a framework for fostering learning by integrating it across the planning, implementation, and MEL phases, strengthening enabling environments (such as leadership and institutional arrangements), and linking activities to concrete outcomes. A review of 45 NAP documents reveals that while 89% mention 'learning', most references are generic and high-level, with M&E being the primary identified source of learning. The report concludes with eight considerations for countries, emphasizing the need for clear learning directions, inclusion of marginalized groups, and dedicated resources from knowledge brokers.
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Document type: Report
CARBON MARKETS 101
The document explains the distinction between cap-and-trade systems (ETS) and baseline-and-credit mechanisms, detailing the evolution from Kyoto Protocol markets to the Paris Agreement's Article 6. It critiques carbon offsetting for enabling greenwashing and failing to reduce absolute emissions, while highlighting the specific shortcomings of CORSIA and REDD+. The guide advocates for a shift toward a 'climate contribution' approach where credits are cancelled without offsetting claims to support global climate action.
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Document type: Guide
CARBON MARKETS 101
The document explains the difference between cap-and-trade systems and carbon credit mechanisms, detailing the evolution from the Kyoto Protocol to the Paris Agreement. It critiques carbon offsetting as a tool for greenwashing and argues for a shift toward 'climate contributions' where credits are retired without claims of neutrality.
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Document type: Guide
MERCADOS DE CARBONO 101
The document serves as a comprehensive primer on carbon markets, distinguishing between emissions trading systems (cap-and-trade) and credit-based mechanisms. It details the evolution from the Kyoto Protocol's mechanisms to the Paris Agreement's Article 6, while critically assessing the risks of carbon offsetting, such as 'greenwashing' and the 'hot air' problem. The guide also examines the CORSIA framework for aviation and the private certification standards of the voluntary market, ultimately advocating for a shift from offsetting to a 'climate contribution' model.
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Document type: Guide
Crédit Agricole : à quand la mise en cohérence entre le discours et les actes ?
Reclaim Finance argues that Crédit Agricole's public commitment to renewable energy is insufficient without a clear plan to reduce fossil fuel financing. The organization highlights that the bank remains a top financier of TotalEnergies and continues to support fossil fuel developers, such as Eni. Reclaim Finance specifically calls for the bank to adopt a 6:1 financing ratio of sustainable to fossil energies by 2030 and to cease its advisory role in the Papua LNG project, which involves opening new gas fields.
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Document type: Statement
Report of the thirty-seventh meeting of the Board, 23 – 26 October 2023
The GCF Board's 37th meeting in Tbilisi, Georgia, resulted in the approval of 15 funding proposals totaling USD 736.4 million and the adoption of the 2024 administrative budget of USD 112.4 million. Key strategic outcomes include the endorsement of the Readiness Strategy 2024–2027, which allocates USD 501.5 million to enhance country ownership and direct access, and the confirmation of USD 9.3 billion in pledges for the second formal replenishment (GCF-2). The Board also established an ad hoc Committee on Human Resources Matters to address systemic compensation and policy issues. Significant discussions occurred regarding the potential for a regional presence to reduce operational bottlenecks and the ongoing debate over the financing of results-based payments for REDD+, which was deferred to the next meeting.
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Document type: Report
Liquefied natural gas: top banks’ policies not solid enough
Reclaim Finance asserts that the top 60 banks provided $122.2 billion to major LNG firms between 2016 and 2022, with most lacking policies to prevent further support. The report highlights that current LNG terminal developments could lead to a 235% capacity increase and 1.9 GtCO₂ of overshoot relative to IEA net zero goals. It criticizes European banks for continuing to finance import terminals despite exceeding current demand, risking long-term gas lock-in.
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Document type: Statement
Promoting Electric Mobility in Papua New Guinea
The proposal seeks USD 449,598 over 18 months to address four primary barriers to electric vehicle (EV) adoption in Papua New Guinea: limited inter-institutional coordination, insufficient technical expertise, a lack of long-term regulatory frameworks, and low public awareness. The project, implemented by the Global Green Growth Institute (GGGI), aims to establish an Electric Mobility Technical Working Committee (TWC), conduct GHG emission modeling and technical assessments of EV options, and develop a national EV policy framework and communication strategy. These efforts are designed to support Papua New Guinea's goal of reducing transport sector emissions, which contributed approximately 1,980 kt CO2eq (23% of energy sector emissions) in 2017.
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Document type: Report
Open Letter Requesting to Engage with TotalEnergies, ExxonMobil, Santos and ENEOS to stop the Papua LNG project
A coalition of civil society organizations is urging 50 financial institutions to pressure TotalEnergies, ExxonMobil, Santos, and ENEOS to cancel the Papua LNG project. The letter argues the project is incompatible with the 1.5-degree goal of the Paris Agreement, lacks the Free, Prior, and Informed Consent (FPIC) of Indigenous Peoples, and employs insufficient biodiversity offsetting measures. The authors call for shareholders to vote against director re-elections, stop purchasing new bonds, and establish a time-bound divestment strategy if fossil fuel expansion continues.
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Document type: Statement
Free to Grow: benefitting businesses where it matters most
The document examines 'Free to Grow', a curriculum-based intervention delivered during work hours to address risk factors for violence against women and children. Implemented at Tikketai in partnership with the Seven Passes Initiative, the programme uses a human-centred design to improve interpersonal communication, stress management, and parenting skills. Findings indicate that the programme is feasible for busy workplaces and results in positive outcomes for both employees—who report improved home relationships and emotional regulation—and businesses, which observed increased productivity and reduced workplace conflict. The brief emphasizes the importance of quality facilitation and the need for ongoing refresher sessions to sustain behavioral change.
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Document type: Policy brief
EL NIDO
The document details the characteristics and conservation statuses of seven sea turtle species, highlighting their role in marine ecosystems and the impact of climate change on hatchling sex ratios. It identifies major threats including plastic pollution, habitat loss, and illegal trade, while showcasing the El Nido Marine Turtle Conservation Network (ENMTCN) and the Wildlife Adaptation Innovation Fund (WAIF) project's use of climate-resilient hatcheries in the Philippines.
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Document type: Fact sheet
Climat : Crédit Agricole avance en traînant des pieds
Reclaim Finance argues that Crédit Agricole's new climate commitments are insufficient because they do not explicitly ban the financing of new oil and gas infrastructure, such as LNG terminals. While the bank increased its target for reducing financed emissions from oil and gas loans to 75% by 2030, the organization notes that this does not guarantee an end to support for companies developing new fossil projects. The statement highlights specific examples of continued involvement, including the Port Arthur LNG terminal in the US and advisory services for the Papua LNG project, and criticizes the exclusion of only independent extraction companies while sparing integrated oil majors.
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Document type: Statement
Papua LNG: call to commit not to support the project
Fifty civil society organizations are urging financial institutions to cease support for the Papua LNG project, arguing it is incompatible with the 1.5°C global warming limit and the IEA Net Zero scenario. The project, involving TotalEnergies, ExxonMobil, Santos, and JX Nippon, is criticized for its estimated 220 million tons of CO2 equivalent emissions, risks of human rights abuses and environmental damage in Papua New Guinea's Gulf Province, and potential financial risks due to projected peaks in global gas demand by 2030.
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Document type: Statement
Papua LNG : appel à ne pas financer le projet de TotalEnergies en Papouasie Nouvelle Guinée
A coalition of 50 civil society organisations is urging financial institutions to refuse funding for the Papua LNG project in Papua New Guinea. The group argues the project is incompatible with the 1.5°C warming limit, citing estimated emissions of 220 million tonnes of CO2 equivalent and risks of stranded assets due to projected peaks in global gas demand by 2030. The statement also highlights potential human rights violations, lack of transparent community consultation, and the existence of more affordable renewable energy alternatives for the country.
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Document type: Statement
Les banques franaises encore loin detre rsolument engagees pour le climat
Reclaim Finance challenges the claim that French banks are leaders in the ecological transition, noting that their financing ratio of sustainable electricity to fossil fuels (0.94:1) is far below the 6:1 ratio required by the IEA's Net Zero Emissions by 2050 scenario for 2030. The document highlights continued exposure to coal and hydrocarbons, specifically criticizing BPCE for lacking commitments to limit fossil fuel expansion and Crédit Agricole for supporting TotalEnergies' Papua LNG project.
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Document type: Statement
From Risk to Reward
The report argues that climate adaptation is now a business imperative due to increasing physical risks and economic losses. It identifies three 'entry points' for private finance: 'Protect' (safeguarding existing assets and supply chains), 'Grow' (investing in early-stage and mature companies developing resilience technologies), and 'Participate' (co-investing in public sector infrastructure projects). The analysis highlights that adaptation investments can yield high benefit-to-cost ratios, particularly in emerging markets and developing economies (EMDEs), and that valuation multiples for resilience solution providers are promising, with a median of 9 times revenue.
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Document type: Report
The art of muddying the water: our response to TotalEnergies on the Papua LNG project
A joint statement by Reclaim Finance and other organizations challenging TotalEnergies' claims regarding the Papua LNG project. The authors argue the project contradicts global climate goals, risks becoming a stranded asset due to peaking gas demand, and threatens high-biodiversity native forests. They further contend that the project's social safeguards are insufficient, citing a lack of transparency and opposition from local clans and chiefs in Papua New Guinea.
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Document type: Statement