French banks still 'addicted to fossil fuels', denounces Oxfam

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The six largest French banks have since reduced the COP21 their funding for renewable energy for fossil fuels, denounces a report from the NGO Oxfam released this Saturday.

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The six largest French banks have since reduced the COP21 their funding for renewable energy for fossil fuels, denounces a report from the NGO Oxfam released this Saturday.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "From 2016 to 2017, the six French banks more important "Reduces their funding for renewable energies by an amount equivalent to the increase in their funding for fossil fuels"Oxfam said in a statement on Saturday. "data-reactid =" 23 "> From 2016 to 2017, the six largest French banks "Reduces their funding for renewable energies by an amount equivalent to the increase in their funding for fossil fuels"said Saturday the NGO Oxfam in a statement.

Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Over this period, banks "Have financed fossil fuels up to 43 billion euros, against only 12 billion euros for renewable energy, while the climate situation would require them to do at least the opposite", regrets Alexander Poidatz, spokesman for Oxfam France, quoted in the statement. "data-reactid =" 24 "> Over this period, banks "Have financed fossil fuels up to 43 billion euros, against only 12 billion euros for renewable energy, while the climate situation would require them to do at least the opposite", regrets Alexandre Poidatz, spokesman for Oxfam France, quoted in the statement.

Always charcoal

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""Three years after COP21, banks have still not made the transition to the energy transition, despite their rhetoric in this direction", he added. "data-reactid =" 26 ">"Three years after COP21, banks have still not made the transition to the energy transition, despite their rhetoric in this direction", he added.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The six banks pointed out by Oxfam are BNP Paribas, Société Générale, Crédit Agricole, BPCE, Crédit Mutuel-CIC and Banque Postale, according to the NGO, "Coal is still too dominant, accounting on average for 8.5% of the energies financed". "data-reactid =" 27 "> The six banks pointed out by Oxfam are BNP Paribas, Société Générale, Crédit Agricole, BPCE, Crédit Mutuel-CIC and Banque Postale. "Coal is still too dominant, accounting on average for 8.5% of the energies financed".

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The study is based on financing operations and investments of these six banks with the objective of "Quantify their financial support for fossil fuels and renewable energies from January 2016 to December 2017"Oxfam explained, "data-reactid =" 28 "> The study is based on the financing and investment operations of these six banks with the objective of "Quantify their financial support for fossil fuels and renewable energies from January 2016 to December 2017"Oxfam explained.

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