Climate love
Image of Crédit Agricole

Crédit Agricole

Climate love

Crédit Agricole won't finance TotalEnergies' Papua LNG project

The French bank Crédit Agricole announced that they won't finance (directly) TotalEnergies' Papua LNG project, a liquefied natural gas project in Papua New Guinea. Papua LNG would contribute to the emission of more than 220 million tonnes of CO2 in a country where the population is already severely exposed to the effects of climate change.
As a result of this decision, the Final Investment Decision, which is to trigger the construction phase, has been postponed to late 2024. Let's hope all other international banks withdraw their support and cancel the project.
Crédit Agricole is still the financial advisor on TotalEnergies on this project, and I really wish they would stop financing and advising TotalEnergies all at once. But this is a good beginning.

Image of post in post detailed view


Read more:



Do you agree?

11 more agrees trigger social media ads

  • Johannes Luiga

    1 w

    Very important

    • Johnny K Gagnon

      4 w

      Global capitalism is a private system of wealth greed that is unfit for a planet using a brain.

      2
      • Chris Ndungu

        7 w

        This financial institution has made a great move which should be embraced by other banks in repudiating to fund fossil fuel projects. Instead, banks should fund projects that helps to reach renewable energy.

        1
        • George Kariuki

          7 w

          This is a positive step forward in the fight against climate change, but there's still room for improvement. We need all other banks to follow suit and withdraw their support from the project. Let's keep up the pressure!

          3
          • We Don't Have Time

            7 w

            Dear Marine Stephan Your climate love has received over 50 agrees! We have reached out to Crédit Agricole by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

            2
            • Jane Wangui

              7 w

              Let's hope that all international banks withdraw the support for such absurd projects..they should be investing in renewable energy with less emissions.

              3
              • walter lungayi

                7 w

                It's a positive step that Crédit Agricole won't finance the Papua LNG project due to its potential environmental impact. It's important for financial institutions to consider the long-term effects of their investments on climate change. Lets hope they will do the same to the other companies they are financing.

                5
                • Joseph Githinji

                  7 w

                  This is a bold decision by @CreditAgricole to help in stopping fossil fuel reliance. This determination should be emulated by more financial institutions.

                  5
                  • Sarah Chabane

                    7 w

                    Finally! Some courage in the banking world

                    6
                    • Boniface Kuria

                      7 w

                      @sarah_chabane_874 Yeah. A very bold move. Hope more banks stop funding projects that increase emissions.

                      4
                    • Richard S

                      7 w

                      .🌐👄

                      4
                      • Elizabeth Gathigia

                        7 w

                        Absolutely good decision, more financial institutions should follow this path and instead they fund renewable energy

                        12
                        • Saustine Lusanzu

                          7 w

                          This is good news, Kudos to credit agricole for refusing to fund fossil fuels project, it's a wake up call for other companies not to engage too!

                          12
                          • Marine Stephan

                            7 w

                            @saustine_lusanzu They still finance TotalEnergies (as a whole) and other oil and gas companies, unfortunately, but at least it is one less project financed

                            5
                          • Munene Mugambi

                            7 w

                            A good move by this financial institution which should serve as a basis for other banks to take the high road and refuse funding fossil fuel projects. This will mean we can increase funding for renewables helping us attain our goal

                            6
                            • Marine Stephan

                              7 w

                              @munene_mugambi Well this is the only project they refused to fund, but I agree that it is a good first step. Let's hope that they will very soon divest from all fossil fuel companies and projects

                              5
                            Welcome, let's solve the climate crisis together
                            Post youtube preview with preloading
                            youtube overlay

                            Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.

                            Write a climate review

                            Voice your opinion on how businesses and organizations impact the climate.
                            0 trees planted

                            One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

                            Download the app

                            We plant a tree for every new user.

                            AppleAndroid