Reclaim Finance calls on the European Central Bank (ECB) to stop purchasing securities and to exclude from the list of collaterals:

1. Companies that contribute to the development of fossil fuels, and more particularly those that:

  • are investing in the exploration of fossil fuels;
  • are developing new coal mines, power plants and infrastructure projects (lift the moratorium only after a commitment by such companies to cease such activities);
  • sell equipment for the construction of new coal projects or purchase existing coal assets (lift the moratorium only after a commitment by such companies to cease such activities);
  • plan to develop, by 2050, the equivalent of more than 500 millions barrels of heavy oil ; unconventional oil and gas, including shale oil and gas or oil sands ; of oil and gas through drilling in deep waters or in Arctic extraction;
  • plan new oil or gas pipelines linked to the opening of new fossil fuel reserves, or new terminals for the export of liquefied natural gas.

2. Companies with high exposure to coal and to unconventional and highly polluting oil and gas:

  • derive at least 20% of their revenues or electricity production from coal;
  • produce more than 10 million tonnes of coal per year or operate coal power plants with a capacity of more than 5 GW;
  • hold at least 15% of their reserves in oil sands, shale oil and gas, and/or Arctic and deep water extraction.See our requests to the central bank.)