{"id":34672,"date":"2024-10-15T01:00:34","date_gmt":"2024-10-14T23:00:34","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=34672"},"modified":"2024-10-14T16:10:29","modified_gmt":"2024-10-14T14:10:29","slug":"behind-the-smokescreen-the-loopholes-in-french-banks-coal-policies","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2024\/10\/15\/behind-the-smokescreen-the-loopholes-in-french-banks-coal-policies\/","title":{"rendered":"Behind the smokescreen: The loopholes in French banks\u2019 coal policies"},"content":{"rendered":"

Reclaim Finance wanted to know where the major French banks stand in their support for the coal industry. Four years after the adoption of their coal policies, this briefing analyzes transactions to companies in the sector between 2021 and 2023. It deciphers the flaws in the banks’ policies that allow them to continue financing coal developers and companies that have no public exit date from the sector, or that are not aligned with climate science. It explains why these practices can be considered as \u2018greenwashing\u2019.<\/strong><\/p>\n<\/div>

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Key findings:<\/h2><\/span>
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problematic coal companies were financed by major French banks between 2021 and 2023.<\/p>\n<\/div><\/div><\/div>