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Crédit Agricole

Climate love

Credit Agricole says it will not fund two major LNG projects.

Credit Agricole (CAGR.PA), opens new tab said on Monday that it would not provide financing to two major liquefied natural gas (LNG) projects, citing commitments to refrain from new fossil fuel developments.
The decision follows pressure on banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects. Barclays, HSBC and BNP Paribas have tightened oil and gas lending.
https://www.xm.com/research/markets/allNews/reuters/credit-agricole-says-it-will-not-fund-rovuma-lng-project-53798852


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  • We Don't Have Time

    2 w

    Dear Gorffly mokua 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

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    • walter lungayi

      3 w

      This is a great move. we should advocate financial institutions to divest from climate-harming projects and shift towards more sustainable investment practices.

      5
      • Elizabeth Gathigia

        3 w

        A very wise decision 👏 I would urge Credit Agricole to fund clean energy projects

        9
        • Ingmar Rentzhog

          3 w

          That os good! #MoveTheMoney

          4
          • Ann Nyambura

            3 w

            Credit Agricole's leadership in this area sets a positive example for the banking industry, inspiring others to follow suit in prioritizing planet-friendly investments.

            4
            • mary Mwihaki

              3 w

              This decision is the best

              4
              • Kevin

                3 w

                An amazing decision

                4
                • johnte ndeto

                  3 w

                  This decision reflects a growing trend among financial institutions to align their investments with sustainability goals and reduce their carbon footprint.

                  12
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