Connection

popular articles

Germany modernizes its wind farms with tripled capacity
Technique Solaire expands in Europe with new solar projects
DRC dam: Fortescue for the Grand Inga Project
ADNOC Gas Cancels Das Island Expansion Project
Growing international business for Halliburton and Schlumberger

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.

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

Air Liquide records a net profit of €3.31 billion in 2024 #
EDF signs preliminary agreements to supply 12 TWh of annual electricity to heavy industries
CNOOC Limited launches Phase II of Luda 5-2 North oil project
EDF’s EPR2 reactor cost estimate delayed by several months
Imerys aims for green light on lithium pilot plant before summer

Recently published in

EDF signs preliminary agreements to supply 12 TWh of annual electricity to heavy industries

EDF has signed nine letters of intent with energy-intensive industries, aiming for long-term electricity contracts totalling more than 12 terawatt-hours per year, backed by its nuclear fleet, with implementation planned from 2026.
The United States Suspends New Energy Efficiency Standards for Key Household Appliances
The U.S. Department of Energy has suspended seven energy efficiency standards targeting household products. This decision, impacting devices such as gas water heaters, has sparked debates over the economic and environmental consequences of the new rules.
en_1140290946540-12
The United States Suspends New Energy Efficiency Standards for Key Household Appliances
The U.S. Department of Energy has suspended seven energy efficiency standards targeting household products. This decision, impacting devices such as gas water heaters, has sparked debates over the economic and environmental consequences of the new rules.
en_1140290946540-12
Quebec supports six critical minerals projects with $7.8 million in funding
The province of Quebec is investing nearly $7.8 million to support six projects focused on critical and strategic minerals, thus advancing research to strengthen energy independence.
en_1140290958540-12
Quebec supports six critical minerals projects with $7.8 million in funding
The province of Quebec is investing nearly $7.8 million to support six projects focused on critical and strategic minerals, thus advancing research to strengthen energy independence.
en_1140290958540-12
Paris Advocates for a European Bank to Finance Industrial Decarbonization
France proposes the creation of a European Decarbonization and Electrification Bank to support industrial companies facing the costs of energy transition. The project, backed by Bercy, aims for long-term financing and will be discussed at upcoming European Council meetings.
en_1140290961540-9
Paris Advocates for a European Bank to Finance Industrial Decarbonization
France proposes the creation of a European Decarbonization and Electrification Bank to support industrial companies facing the costs of energy transition. The project, backed by Bercy, aims for long-term financing and will be discussed at upcoming European Council meetings.
en_1140290961540-9

French government confirms the maintenance of regulated electricity tariffs

Paris supports maintaining regulated electricity tariffs for households and very small businesses despite criticism from the Competition Authority. A report sent to Brussels highlights their role in stabilizing the market.
France: Corruption and Illegal Agreements: The Electricity Market in Réunion Under Investigation
A network of anti-competitive agreements and corruption surrounding electrification in Réunion is bringing eight individuals and two companies to trial in May. Practices that distorted public tenders have already led to several convictions and financial penalties.
en_1140290960540-10
France: Corruption and Illegal Agreements: The Electricity Market in Réunion Under Investigation
A network of anti-competitive agreements and corruption surrounding electrification in Réunion is bringing eight individuals and two companies to trial in May. Practices that distorted public tenders have already led to several convictions and financial penalties.
en_1140290960540-10
Europe Faces the Challenge of Energy Security: Three Pillars to Stabilize Its Power Grid, According to Eurelectric
Europe's energy transition is driving a structural transformation of the electricity grid, exposing the market to new vulnerabilities. A study by Compass Lexecon highlights three strategic levers to ensure supply stability amid geopolitical pressures and market volatility.
en_1140290985540-2
Europe Faces the Challenge of Energy Security: Three Pillars to Stabilize Its Power Grid, According to Eurelectric
Europe's energy transition is driving a structural transformation of the electricity grid, exposing the market to new vulnerabilities. A study by Compass Lexecon highlights three strategic levers to ensure supply stability amid geopolitical pressures and market volatility.
en_1140290985540-2
GCCIA and Qatar Fund for Development Invest $100 Million in Oman-Gulf Power Interconnection
The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Qatar Fund for Development (QDF) have signed a $100 million financing agreement to connect the Gulf power grid with Oman. This strategic project, with a total cost exceeding $700 million, aims to enhance regional energy security and efficiency.
en_1140290992540
GCCIA and Qatar Fund for Development Invest $100 Million in Oman-Gulf Power Interconnection
The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Qatar Fund for Development (QDF) have signed a $100 million financing agreement to connect the Gulf power grid with Oman. This strategic project, with a total cost exceeding $700 million, aims to enhance regional energy security and efficiency.
en_1140290992540

Liberia: A €107M Energy Project to Modernize the Electricity Network

Liberia Electricity Corporation (LEC), in partnership with the European Union and other financial institutions, has launched the Liberia Energy Efficiency and Access Project (LEEAP). With a budget of €107 million, this initiative aims to improve electricity access and energy efficiency in the country.
France Maintains Ban on Oil Exploration in French Guiana
Energy Minister Marc Ferracci reaffirmed his opposition to reopening the debate on oil exploration in France. Despite proposals from Overseas Minister Manuel Valls, the government is prioritizing a decarbonization strategy aligned with its international commitments.
en_1140290970540
France Maintains Ban on Oil Exploration in French Guiana
Energy Minister Marc Ferracci reaffirmed his opposition to reopening the debate on oil exploration in France. Despite proposals from Overseas Minister Manuel Valls, the government is prioritizing a decarbonization strategy aligned with its international commitments.
en_1140290970540
Trump accelerates electricity production to dominate AI against China
Donald Trump has signed a decree creating a National Council for Energy Dominance, aimed at massively increasing electricity production. The goal is to strengthen the United States’ competitiveness in artificial intelligence (AI), a rapidly expanding and energy-intensive sector.
en_1140290983540
Trump accelerates electricity production to dominate AI against China
Donald Trump has signed a decree creating a National Council for Energy Dominance, aimed at massively increasing electricity production. The goal is to strengthen the United States’ competitiveness in artificial intelligence (AI), a rapidly expanding and energy-intensive sector.
en_1140290983540
*United Kingdom: Environmental Investigation into Thames Water Affects Its Profitability*
*Thames Water, a major water supplier in the UK, is facing an environmental investigation over growing concerns regarding its waste management and leaks. This situation raises significant financial stakes for the company.*
en_1140290954540-10
*United Kingdom: Environmental Investigation into Thames Water Affects Its Profitability*
*Thames Water, a major water supplier in the UK, is facing an environmental investigation over growing concerns regarding its waste management and leaks. This situation raises significant financial stakes for the company.*
en_1140290954540-10

Fourteen European Employers’ Federations Launch the Nuclear Employers’ Alliance to Strengthen the Industry

The Medef and thirteen other European employers' organizations launch an initiative to support the nuclear sector in the EU, in response to increasing competitiveness challenges exacerbated by international politics and global economic tensions.
France’s 100 Billion Investment in Power Grid: Limited Impact on Bills, According to RTE
France will invest €100 billion to modernize its power grid by 2035. However, the impact on consumer bills will be limited, according to the network manager RTE.
en_1140290958540-10
France’s 100 Billion Investment in Power Grid: Limited Impact on Bills, According to RTE
France will invest €100 billion to modernize its power grid by 2035. However, the impact on consumer bills will be limited, according to the network manager RTE.
en_1140290958540-10
AFD and Watt For Change finance three energy projects in Africa
The Watt For Change Foundation and the French Development Agency are joining forces to support three initiatives aimed at improving access to renewable energy in Benin, Mauritania, and Madagascar. A €860,000 three-year partnership dedicated to assisting local associations.
en_1140290943540-8
AFD and Watt For Change finance three energy projects in Africa
The Watt For Change Foundation and the French Development Agency are joining forces to support three initiatives aimed at improving access to renewable energy in Benin, Mauritania, and Madagascar. A €860,000 three-year partnership dedicated to assisting local associations.
en_1140290943540-8
Tanzania: $12.9 Billion to Strengthen Its Power Grid by 2030
The Tanzanian government plans to invest $12.9 billion to add 2.4 GW to its power grid by 2030. This funding aims to expand electricity access to 75% of the population, with significant participation from the private sector.
en_1140290955540-8
Tanzania: $12.9 Billion to Strengthen Its Power Grid by 2030
The Tanzanian government plans to invest $12.9 billion to add 2.4 GW to its power grid by 2030. This funding aims to expand electricity access to 75% of the population, with significant participation from the private sector.
en_1140290955540-8

A U.S. federal judge orders the Trump administration to restore energy funds

A court demands that all funding linked to federal energy and climate laws, previously suspended, be immediately put back into circulation. This decision is based on a federal judgment challenging the legality of a freeze imposed by the American executive.
Macron opposes French nuclear energy to Trump’s oil drilling
At the World Summit on Artificial Intelligence in Paris, Emmanuel Macron highlighted nuclear energy as a power source for technological infrastructures, countering Donald Trump's plans to massively expand oil drilling in the United States.
en_1140290961540-7
Macron opposes French nuclear energy to Trump’s oil drilling
At the World Summit on Artificial Intelligence in Paris, Emmanuel Macron highlighted nuclear energy as a power source for technological infrastructures, countering Donald Trump's plans to massively expand oil drilling in the United States.
en_1140290961540-7
Canada: A Colossal Challenge for Low-Carbon Electricity Production by 2050
Canada will need to build energy infrastructure on an unprecedented scale to meet the federal government's goal of eliminating greenhouse gas emissions from the electricity sector by 2050. A major technical and economic challenge marked by delays and significant costs.
en_1140290950540-8
Canada: A Colossal Challenge for Low-Carbon Electricity Production by 2050
Canada will need to build energy infrastructure on an unprecedented scale to meet the federal government's goal of eliminating greenhouse gas emissions from the electricity sector by 2050. A major technical and economic challenge marked by delays and significant costs.
en_1140290950540-8
Major Economies Delay the Publication of Their Climate Strategies
The majority of countries have not submitted their new climate roadmaps to the UN before the February 10 deadline. This delay raises questions about the priorities of major economies amid geopolitical shifts and economic uncertainty.
en_1140290963540-2
Major Economies Delay the Publication of Their Climate Strategies
The majority of countries have not submitted their new climate roadmaps to the UN before the February 10 deadline. This delay raises questions about the priorities of major economies amid geopolitical shifts and economic uncertainty.
en_1140290963540-2

Russia accelerates plasma propulsion to reduce Mars travel time

Rosatom announces the development of a plasma rocket engine prototype capable of reducing the journey to Mars to just 30 days. This technological breakthrough could have major strategic implications in the race for space exploration.
Canada Invests $43.5 Million in Energy Policy for Critical Minerals
The Canadian government allocates $43.5 million to strengthen energy policy related to critical minerals in Quebec. This investment aims to support infrastructure and research, consolidating the country's strategic supply chains.
en_1140290950540-6
Canada Invests $43.5 Million in Energy Policy for Critical Minerals
The Canadian government allocates $43.5 million to strengthen energy policy related to critical minerals in Quebec. This investment aims to support infrastructure and research, consolidating the country's strategic supply chains.
en_1140290950540-6
Electricity Consumption in France: A Moderate Increase in 2024
Electricity consumption in France increased by 0.7% in 2024, reaching 449.2 terawatt-hours, according to RTE. This slight rise marks a turning point after two years of decline but remains well below pre-2020 levels.
en_1140290952540-6
Electricity Consumption in France: A Moderate Increase in 2024
Electricity consumption in France increased by 0.7% in 2024, reaching 449.2 terawatt-hours, according to RTE. This slight rise marks a turning point after two years of decline but remains well below pre-2020 levels.
en_1140290952540-6
China: Beijing Accelerates the End of Renewable Energy Subsidies
The National Development and Reform Commission (NDRC) has announced a reduction in renewable energy subsidies in China. New projects will now have to sell their electricity at market prices, marking a transition to a more autonomous economic model.
en_1140290951540-6
China: Beijing Accelerates the End of Renewable Energy Subsidies
The National Development and Reform Commission (NDRC) has announced a reduction in renewable energy subsidies in China. New projects will now have to sell their electricity at market prices, marking a transition to a more autonomous economic model.
en_1140290951540-6

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS