Report – Ten preconceived notions against climate inaction

8 November 2022

While COP 27 begins, Reclaim Finance comes back on the 10 preconceived ideas put forward by many French financial institutions to justify their continued support to oil and gas expansion, despite scientific recommendations.

“We must finance the world as it is”, “gas is a transition fuel”, “we support companies in transition”… Far too many preconceived ideas are used by many French financial players to justify their support to oil and gas expansion. With this report, Reclaim Finance analyzes these ideas and calls on banks, insurers and investors to adopt the necessary measures to meet their climate commitments.