Connection

popular articles

Niger exports over 14 million barrels of oil via Benin
LS Power unveils Lightning Power, a new player in gas production
India: Petronet LNG adopts Novolen technology to boost production
Energy Poverty in France: When Electricity Cuts Affect Low-Income Households
Philippines recover 96% of fuel oil after tanker sinks

France: The Bank of France tightens its policy of excluding fossil fuels

The Bank of France will exclude from its portfolios companies that develop new fossil fuel extraction projects by the end of 2024 as part of its climate-focused responsible investment strategy, a move welcomed by the NGO Reclaim Finance.
  • [favorite_button]

Please share:

The Bank of France announced Thursday that it will exclude from its portfolios by the end of 2024 “any company developing new fossil fuel extraction projects”, a decision welcomed by the NGO Reclaim Finance.

“Since its launch in 2018, the Bank of France’s responsible investment strategy has had the ambition to always strengthen its commitments to the climate and broaden the scope,” stressed Deputy Secretary General for Finance and Socially Responsible Investment (SRI) Alexandre Gautier, on the sidelines of the presentation of the Bank of France’s 2022 annual responsible investment report.

The exclusion policy for fossil fuels has so far consisted of a total exit from coal and a strengthening of the exclusion criteria on hydrocarbons by the end of 2024. The central bank sends “a strong signal to all financial actors”, welcomed the NGO Reclaim Finance in a statement. The Banque de France has also announced its participation this year in the “first coordinated publication exercise by Eurosystem central banks on harmonized climate impact indicators”, as well as in the development of climate stress tests jointly with the Autorité de contrôle prudentiel et de résolution (ACPR).

Since 2018, it has embarked on a responsible investor approach, adopting a charter and then a three-pronged strategy covering climate, broader environmental, social and governance (ESG) issues and its commitment to the companies in which it is a shareholder.

Register free of charge for uninterrupted access.

Publicite

Latest news

Aypa Power secures $535mn for hybrid solar-storage project in California
Aecon secures $934mn contract for Darlington SMR construction
Hanoi and Moscow accelerate nuclear power plant talks in Vietnam
Serbia negotiates renewal of gas contract with Russia ahead of expiration
Germany considers making producers contribute to electricity grid costs

Recently published in

Germany considers making producers contribute to electricity grid costs

German regulator BNetzA has launched a consultation on a major grid tariff reform that could require electricity producers to pay access fees, thus altering the current funding structure.
United States signs historic agreement for helium-3 extracted from the Moon
The U.S. Department of Energy will purchase three litres of helium-3 from Interlune by 2029, marking the first public contract involving a natural resource extracted from the lunar surface.
en_1140290945540-3
United States signs historic agreement for helium-3 extracted from the Moon
The U.S. Department of Energy will purchase three litres of helium-3 from Interlune by 2029, marking the first public contract involving a natural resource extracted from the lunar surface.
en_1140290945540-3
Iran caps electricity outages at two hours amid rising summer demand
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
en_1140290944540-3
Iran caps electricity outages at two hours amid rising summer demand
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
en_1140290944540-3
Bernard Fontana appointed to lead EDF and manage major energy projects
The French government has entrusted Bernard Fontana with the leadership of EDF, relying on his industrial background to manage the end of the Arenh and revive the nuclear programme.
en_1140290948540-3
Bernard Fontana appointed to lead EDF and manage major energy projects
The French government has entrusted Bernard Fontana with the leadership of EDF, relying on his industrial background to manage the end of the Arenh and revive the nuclear programme.
en_1140290948540-3

Berlin relaunches gas to secure national electricity supply by 2030

Germany’s new Economy Minister, Katherina Reiche, plans 20 gigawatts of gas-fired plants to address the limits of renewable energy.
Pedro Sánchez delays conclusions after blackout cuts 60% of Spain’s power
The Spanish Prime Minister has asked for more time to determine the causes of an unprecedented outage on April 28 that cut 15 gigawatts of electricity from the peninsula’s grid.
en_1140290953540-3
Pedro Sánchez delays conclusions after blackout cuts 60% of Spain’s power
The Spanish Prime Minister has asked for more time to determine the causes of an unprecedented outage on April 28 that cut 15 gigawatts of electricity from the peninsula’s grid.
en_1140290953540-3
Bayrou promises an open energy roadmap ahead of decree publication
Prime Minister François Bayrou confirmed that France’s 2025–2035 energy roadmap remains under discussion and will only be finalised after parliamentary debates starting on 16 June.
en_1140290946540-2
Bayrou promises an open energy roadmap ahead of decree publication
Prime Minister François Bayrou confirmed that France’s 2025–2035 energy roadmap remains under discussion and will only be finalised after parliamentary debates starting on 16 June.
en_1140290946540-2
Australia’s political stability paves the way for key energy reforms
The re-election of the Albanese government reassures energy stakeholders calling for regulatory adjustments to accelerate projects and secure long-term investment.
en_1140290943540
Australia’s political stability paves the way for key energy reforms
The re-election of the Albanese government reassures energy stakeholders calling for regulatory adjustments to accelerate projects and secure long-term investment.
en_1140290943540

Gabon launches $69.5 million plan to triple refining capacity

SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.
Suriname grants $750 bonus to each citizen ahead of oil revenues
Suriname has launched a pre-distribution programme of its future oil revenues, offering a $750 bonus to more than 570,000 citizens well before the start of offshore production scheduled for 2028.
en_1140290982540-2
Suriname grants $750 bonus to each citizen ahead of oil revenues
Suriname has launched a pre-distribution programme of its future oil revenues, offering a $750 bonus to more than 570,000 citizens well before the start of offshore production scheduled for 2028.
en_1140290982540-2
Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.
en_1140290977540-2
Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.
en_1140290977540-2
Peter Dutton commits $200bn to bypass nuclear ban in Australia
Australia’s opposition leader unveils a seven-reactor plan, challenging current energy policy days before federal elections and reviving a decades-old debate.
en_1140290976540
Peter Dutton commits $200bn to bypass nuclear ban in Australia
Australia’s opposition leader unveils a seven-reactor plan, challenging current energy policy days before federal elections and reviving a decades-old debate.
en_1140290976540

French regulator lowers pace of renewable energy development

The French Energy Regulatory Commission proposes reducing certain renewable generation targets due to a slower-than-expected rise in electricity demand.
Bernard Fontana sets his priorities to reposition EDF in the French energy landscape
Nominated to lead EDF, Bernard Fontana aims to restore dialogue with electro-intensive industries and oversee the nuclear revival while ensuring the group’s financial sustainability.
en_1140290944540-20
Bernard Fontana sets his priorities to reposition EDF in the French energy landscape
Nominated to lead EDF, Bernard Fontana aims to restore dialogue with electro-intensive industries and oversee the nuclear revival while ensuring the group’s financial sustainability.
en_1140290944540-20
Massive power outage in Spain reignites questions over energy mix
Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
en_1140290951540-17
Massive power outage in Spain reignites questions over energy mix
Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
en_1140290951540-17
BPCE ranked last among French banks for its carbon strategy
The NGO Reclaim Finance ranked BPCE last among twenty major European banks for its lack of commitment to the transition towards carbon neutrality, according to a study published on Tuesday.
en_1140290945540-17
BPCE ranked last among French banks for its carbon strategy
The NGO Reclaim Finance ranked BPCE last among twenty major European banks for its lack of commitment to the transition towards carbon neutrality, according to a study published on Tuesday.
en_1140290945540-17

France: Bayrou delays publication of energy decree amid political pressure

François Bayrou plans to postpone the publication of the French energy decree until the end of the summer after parliamentary review, under pressure from the Rassemblement National and part of the right.
European Investment Bank grants PLN2.25 billion to PGE to support Polish energy
The European Investment Bank signs a loan of over €525mn with PGE to develop solar projects and modernise a power plant in Poland.
en_1140290959540-14
European Investment Bank grants PLN2.25 billion to PGE to support Polish energy
The European Investment Bank signs a loan of over €525mn with PGE to develop solar projects and modernise a power plant in Poland.
en_1140290959540-14
Enarsa Privatization: Argentina Refocuses Energy Strategy on Regulation
Argentina initiates Enarsa's privatization to redefine the state's role toward stronger regulation, paving the way for increased private investment in the national energy sector amid significant industrial and commercial transformation.
en_1140290988540
Enarsa Privatization: Argentina Refocuses Energy Strategy on Regulation
Argentina initiates Enarsa's privatization to redefine the state's role toward stronger regulation, paving the way for increased private investment in the national energy sector amid significant industrial and commercial transformation.
en_1140290988540
Just Stop Oil ends direct actions after three years of mobilisation in London
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
en_1140290984540-2
Just Stop Oil ends direct actions after three years of mobilisation in London
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
en_1140290984540-2

France seeks to create a China-EU duo to offset US withdrawal

France proposes a stronger alliance between the European Union and China to counter the absence of the United States in the fight against climate change, with a summit scheduled for July 2025.
Hydro-Québec launches a 10 G$ energy efficiency plan by 2035
Hydro-Québec announces a 10 G$ investment to enhance energy efficiency through various initiatives by 2035, creating over 5,000 jobs and reducing operating costs for Quebec customers.
en_1140290964540-4
Hydro-Québec launches a 10 G$ energy efficiency plan by 2035
Hydro-Québec announces a 10 G$ investment to enhance energy efficiency through various initiatives by 2035, creating over 5,000 jobs and reducing operating costs for Quebec customers.
en_1140290964540-4
The UK and Eni finalize financing for CO2 storage project in the Irish Sea
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
en_1140290963540-9
The UK and Eni finalize financing for CO2 storage project in the Irish Sea
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
en_1140290963540-9
Washington criticises anti-fossil policies at IEA summit
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
en_1140290944540-17
Washington criticises anti-fossil policies at IEA summit
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
en_1140290944540-17

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS