“Under pressure, ENGIE’s management is again trying to convince its investors that the company is fully committed to fighting climate change and has set clear targets to decarbonize its activities. But the truth is, far from being the energy transition champion it claims to be, ENGIE is not aiming for a 1.5°C target and its reliance on LNG carries a twofold risk for the climate. If investors have no choice but to accept an incomplete decarbonization strategy, they finally have answers, albeit equally lacking in detail, regarding ENGIE’s coal plants future. Unfortunately, these are far from satisfying, with two plants being sold, and four others being converted to gas or biomass. Shareholders must react when ENGIE holds its annual General Meeting this Thursday” remarks Lucie Pinson, founder and executive director of Reclaim Finance.