{"id":8541,"date":"2021-02-04T11:40:30","date_gmt":"2021-02-04T10:40:30","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=8541"},"modified":"2023-02-28T18:18:36","modified_gmt":"2023-02-28T17:18:36","slug":"engies-tumultuous-road-towards-decarbonization","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2021\/02\/04\/engies-tumultuous-road-towards-decarbonization\/","title":{"rendered":"Engie\u2019s tumultuous road towards decarbonization"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: justify; color: #8ac56b;\"><b><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">As a growing number of financial players demand<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">s<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\"> that companies in their portfolios achieve carbon neutrality by 2050, the climate and energy think tank, Ember, publishes<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\"> today<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\"> a <\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">conclusive <\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">report on Engie&rsquo;s climate strategy. Not only is Engie late in publishing a plan to close its remaining coal-fired power plants, but its gamble on gas poses serious risks to the climate and its shareholders in a context of climate emergency <\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">and <\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">an increasing<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\"> competitiveness of renewable energies. <\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">See<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">b<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">elow<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\"> a b<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\">reakdown<\/span><\/span><span class=\"TextRun SCXW200983245 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200983245 BCX0\"> of the stakes.<\/span><\/span><span class=\"EOP SCXW200983245 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #59bc6d;\"><b><span class=\"TextRun SCXW123351172 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW123351172 BCX0\">Engie\u2019s decarbonization path until today <\/span><\/span><span class=\"EOP SCXW123351172 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/b><\/span><\/p>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">Engie committed in 2015 to not build new coal plants and to reduce its activity in the coal sector. In December 2017, Engie joined the Powering Past Coal Alliance, reaffirming its commitment to work towards the global phase-out of unabated coal power. Yet<\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\"> Engie pursued the development of new coal plants in Brazil (Pampa Sul), Chile (<\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW65727684 BCX0\">Infrastructura<\/span><span class=\"NormalTextRun SCXW65727684 BCX0\"> Energetica <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW65727684 BCX0\">Mejillones<\/span><span class=\"NormalTextRun SCXW65727684 BCX0\">-IEM), Mongolia and Morocco and <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">mostly<\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\"> sold its coal assets instead of closing them &#8211;<\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">bringing<\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">no real <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">benefit <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">in <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">terms of <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">greenhouse <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">gas <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">emissions <\/span><\/span><span class=\"TextRun SCXW65727684 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65727684 BCX0\">reductions (1). <\/span><\/span><span class=\"EOP SCXW65727684 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\">While E<\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\">ngie<\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\"> reduced its coal power capacity by more than 75% &#8211; from 20,872 MW in 2015 to 4,700.8 MW in 2019<\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\"> &#8211;<\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\"> it still <\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\">currently operates 10 coal power plants<\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184827541 BCX0\">for a total of <\/span><\/span><\/strong><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW184827541 BCX0\"><strong>4 GW of installed capacity<\/strong>.<\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW184827541 BCX0\"> 76 % in Latin America (Chile, Brazil and Peru), 14 % in Morocco and 10 % in Portugal (2).<\/span><\/span><span class=\"TextRun SCXW184827541 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW184827541 BCX0\"> <\/span><\/span><span class=\"EOP SCXW184827541 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span class=\"TextRun SCXW109520555 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109520555 BCX0\">Of this installed capacity, 70% still does not have a closure date: 3 of Engie&rsquo;s coal-fired power plants in Chile <\/span><\/span><span class=\"TextRun SCXW109520555 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109520555 BCX0\">(<\/span><\/span><span class=\"TextRun SCXW109520555 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109520555 BCX0\">Andina, Hornitos and IEM<\/span><\/span><span class=\"TextRun SCXW109520555 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109520555 BCX0\">)<\/span><\/span><span class=\"TextRun SCXW109520555 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109520555 BCX0\">, 2 in Brazil and 1 in Morocco. Engie is trying to sell its coal plants in Brazil.<\/span><\/span><span class=\"EOP SCXW109520555 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/strong><\/p>\n<p style=\"text-align: justify; color: #59bc6d;\"><b><span class=\"TextRun SCXW250156935 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW250156935 BCX0\">Engie\u2019s business-as-usual road ahead<\/span><\/span><span class=\"EOP SCXW250156935 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/b><\/p>\n<p style=\"text-align: justify;\"><strong><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\">A <\/span><\/span><a class=\"Hyperlink SCXW61651554 BCX0\" href=\"https:\/\/ember-climate.org\/commentary\/2021\/02\/04\/utilities-beyond-fossil-fuels\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW61651554 BCX0\" data-ccp-charstyle=\"Hyperlink\"><u>new report<\/u><\/span><\/span><\/a><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW61651554 BCX0\">by the climate and energy think tank Ember <\/span><\/span><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\">review<\/span><\/span><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\">ing<\/span><\/span><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\"> Engie\u2019s transition strategy warns about the absence of a comprehensive coal-phase out strategy and the inconsistency of the company\u2019s SBTi target of 2\u00b0C with the objectives of the Paris Agreement<\/span><\/span><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\"> (<\/span><\/span><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\">3<\/span><\/span><\/strong><span class=\"TextRun SCXW61651554 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW61651554 BCX0\"><strong>)<\/strong>. <\/span><\/span><span class=\"EOP SCXW61651554 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">Renewable energ<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">y accounts currently for<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> 27% of E<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">ngie<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">&lsquo;s<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> total<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">installed capacity<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">, against 54% for gas.<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> <\/span><\/span><strong><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">Despite Engie\u2019s plan to increase solar and wind capacity, E<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">ngie<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">\u2019s strategy <\/span><\/span><a class=\"Hyperlink SCXW43581957 BCX0\" href=\"https:\/\/ember-climate.org\/commentary\/2021\/02\/04\/utilities-beyond-fossil-fuels\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u><span class=\"TextRun Underlined SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW43581957 BCX0\" data-ccp-charstyle=\"Hyperlink\">focuses <\/span><\/span><span class=\"TextRun Underlined SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW43581957 BCX0\" data-ccp-charstyle=\"Hyperlink\">largely <\/span><\/span><span class=\"TextRun Underlined SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW43581957 BCX0\" data-ccp-charstyle=\"Hyperlink\">on switching from coal to fossil gas and biogas\/biomass<\/span><\/span><\/u><\/a><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW43581957 BCX0\">for power generation <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">between<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> now <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">and <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">2050<\/span><\/span><\/strong><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">.<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">  <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">In an interview with <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW43581957 BCX0\">France<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW43581957 BCX0\">I<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW43581957 BCX0\">nter<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">, Claire <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW43581957 BCX0\">Waysand<\/span><span class=\"NormalTextRun SCXW43581957 BCX0\">, <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">Interim Chief Executive Officer and<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">General Secretary<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">Engie group, suggested that Chilean power plants would be converted to gas or biomass (<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">4<\/span><\/span><span class=\"TextRun SCXW43581957 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43581957 BCX0\">). <\/span><\/span><span class=\"EOP SCXW43581957 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><b><span data-contrast=\"auto\">Even in Europe, E<\/span><\/b><b><span data-contrast=\"auto\">ngie<\/span><\/b><b><span data-contrast=\"auto\"> <\/span><\/b><b><span data-contrast=\"auto\">is working to <a title=\"\" href=\"https:\/\/ec.europa.eu\/transparencyregister\/public\/consultation\/displaylobbyist.do?id=90947457424-20&amp;locale=en#en\" target=\"_blank\" rel=\"noopener noreferrer\"><u>defend gas from regulations<\/u><\/a><\/span><\/b><b><span data-contrast=\"auto\"> <\/span><\/b><b><span data-contrast=\"auto\">and is developing new gas infrastructures.<\/span><\/b><span data-contrast=\"auto\"> <\/span><span data-contrast=\"auto\">A<\/span><span data-contrast=\"auto\"> case <\/span><span data-contrast=\"auto\">in point is<\/span><span data-contrast=\"auto\"> the Vado Ligure plant managed by Tirreno Power, 50% owned by <\/span><span data-contrast=\"auto\">Engie<\/span><span data-contrast=\"auto\">. <\/span><span data-contrast=\"auto\">The plant was <\/span><span data-contrast=\"auto\">100% coal-fired before <\/span><span data-contrast=\"auto\">its <\/span><span data-contrast=\"auto\">conversion<\/span><span data-contrast=\"auto\"> to fossil gas of<\/span><span data-contrast=\"auto\"> an 800 MW unit in 2007 and<\/span><span data-contrast=\"auto\"> the later closure of <\/span><span data-contrast=\"auto\">the coal units<\/span><span data-contrast=\"auto\"> <\/span><span data-contrast=\"auto\">due to <\/span><span data-contrast=\"auto\">violatin<\/span><span data-contrast=\"auto\">g<\/span><span data-contrast=\"auto\"> health standards<\/span><span data-contrast=\"auto\">. However,<\/span><span data-contrast=\"auto\"> <\/span><span data-contrast=\"auto\">Tirreno Power<\/span><span data-contrast=\"auto\"> recently announced that it will <\/span><span data-contrast=\"auto\">double <\/span><span data-contrast=\"auto\">the plant\u2019s<\/span><span data-contrast=\"auto\"> capacity to produce electricity from<\/span><span data-contrast=\"auto\"> fossil<\/span><span data-contrast=\"auto\"> gas.<\/span><span data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><b><span data-contrast=\"auto\">Ember\u2019s<\/span><\/b><b><span data-contrast=\"auto\"> <\/span><\/b><b><span data-contrast=\"auto\">report<\/span><\/b><b><span data-contrast=\"auto\"> also<\/span><\/b><b><span data-contrast=\"auto\"> highlights that the intended reliance on fossil gas over the next decades is a source of potential climate and regulatory risks for <\/span><\/b><b><span data-contrast=\"auto\">Engie<\/span><\/b><span data-contrast=\"auto\">, especially if shale gas <\/span><span data-contrast=\"auto\">ends up being<\/span><span data-contrast=\"auto\"> one of the fuel sources<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\"> given the higher risk of fugitive<\/span><span data-contrast=\"auto\"> emissions<\/span><span data-contrast=\"auto\">. From a financial point of view, the collapse in the cost of generating electricity from renewable energy sources reduces the financial viability of fossil gas assets and would ultimately lead to the abandonment of these assets.<\/span><span data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276,'469777462':&#091;4678&#093;,'469777927':&#091;0&#093;,'469777928':&#091;1&#093;}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #59bc6d;\"><b>An a<span class=\"TextRun SCXW257417315 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW257417315 BCX0\">lternative scenario <\/span><\/span><span class=\"EOP SCXW257417315 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/b><\/span><\/p>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">Engie<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">&lsquo;s current decarbonisation strategy is not aligned with the objective of limiting warming to 1.5\u00b0C, nor with the goal of achieving carbon neutrality by 2050<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">.<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">T<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">his is<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">,<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">however<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">,<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\"> a<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\"> demand of a growing number of <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">financial institutions<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">,<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">notably those involved in the <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">N<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">et <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">Z<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">ero <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">A<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">sset <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">O<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">wner <\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">A<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">lliance<\/span><\/span><span class=\"TextRun SCXW109575624 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW109575624 BCX0\">.<\/span><\/span><span class=\"EOP SCXW109575624 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">Not only<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> do<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> 24 French financial institutions <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">(<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">5<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">) <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">expect <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">their<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> clients active in the coal sector to adopt a coal exit plan<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">, <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">but <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">many of them <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">are also committe<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">d to <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">align<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">ing<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> their <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">activities with the <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">Paris<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> Agreement <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">goals<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">.<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> Nevertheless,<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">Engie<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> is far from compl<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">ying with <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">this expectation<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">:<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">its <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">tardiness<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">in <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">publish<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">ing<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> a plan to close its last coal-fired power plants<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">adds to the risk of being<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> one of the <\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">main<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\"> promoters of gas as a transition energy<\/span><\/span><span class=\"TextRun SCXW27413133 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27413133 BCX0\">.<\/span><\/span><span class=\"EOP SCXW27413133 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/p>\n<p style=\"text-align: justify;\"><b><span style=\"color: #8ac56b; font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\">Reclaim Finance calls on financial players to <\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\">rapidly address <\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\">th<\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\">is<\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\"> matter <\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\">and<\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\"> push <\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\">Engie <\/span><\/span><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\">to publish a roadmap to close its coal assets without switching over to <\/span><\/span><a title=\"\" href=\"https:\/\/reclaimfinance.org\/site\/en\/2020\/12\/03\/funding-coal-conversion-to-biomass-is-it-a-green-idea\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW554436 BCX0\"><u><span style=\"color: rgb(138, 197, 107);\">biomass<\/span><\/u><\/span><\/span><\/a><span class=\"TextRun SCXW554436 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW554436 BCX0\"><u><span style=\"color: rgb(138, 197, 107);\"> <\/span><\/u>or gas, and to include it in a global strategy of transition towards a carbon neutrality objective consistent with a 1.5\u00b0C trajectory.<\/span><\/span><span class=\"EOP SCXW554436 BCX0\" data-ccp-props=\"{'201341983':0,'335551550':6,'335551620':6,'335559739':200,'335559740':276}\"> <\/span><\/span><\/b><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:10px;--awb-padding-right:10px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#ffffff;--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;--awb-filter:hue-rotate(2deg);--awb-filter-transition:filter 0.3s ease;--awb-filter-hover:hue-rotate(0deg);\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-2\"><p><b><u>Notes:<\/u><\/b><\/p>\n<p style=\"text-align: justify;\">(1) <span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\">Until now, <\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\">Engie<\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\"> only closed 23% of its coal power capacity (6 full plants and 2 units of one coal plant, for a total of 4,815.6 MW). 14 coal plants representing 54% of its coal capacity (11,356 MW) were sold to other power producers.  Most if not all coal plants sold by <\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\">Engie<\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\"> are still operational, with no date for closure having been announced by the new owners. The coal plant in the Netherlands should be closed by 2029 and the three coal plants recently sold to Riverstone Holdings in Germany should be closed at the latest by 2038 because of the national <\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\">government<\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\">\u2019s<\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\"> decision<\/span><\/span><span class=\"TextRun SCXW80173592 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW80173592 BCX0\"> to phase out coal.<\/span><\/span><span class=\"EOP SCXW80173592 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\"> <\/span><\/p>\n<p style=\"text-align: justify;\">(2) <span class=\"TextRun SCXW10087145 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10087145 BCX0\">Following discussions with the Chilean government and with investors, <\/span><\/span><span class=\"TextRun SCXW10087145 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10087145 BCX0\">Engie<\/span><\/span><span class=\"TextRun SCXW10087145 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10087145 BCX0\"> announced the closure in the coming 5 years of the last two units of the <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW10087145 BCX0\">Tocopilla<\/span><span class=\"NormalTextRun SCXW10087145 BCX0\"> coal plant, two units of the <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW10087145 BCX0\">Mejillones<\/span><span class=\"NormalTextRun SCXW10087145 BCX0\"> coal plant in Chile and of its coal plant in Peru.<\/span><\/span><span class=\"EOP SCXW10087145 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\"> <\/span><\/p>\n<p style=\"text-align: justify;\">(3) <span class=\"TextRun SCXW158469598 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158469598 BCX0\">Engie<\/span><\/span><span class=\"TextRun SCXW158469598 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158469598 BCX0\"> certified its greenhouse gas emission reduction target by the SBTi (Science Based Targets Initiative). However, this accreditation refers to a target of 2\u00b0C. Not only is this target insufficient to limit the worst impacts of climate change, but the SBTi has also stopped accepting submissions for the \u00ab\u00a02\u00b0C\u00a0\u00bb target in 2019, focusing on the \u00ab\u00a0well-below 2\u00b0C\u00a0\u00bb and \u00ab\u00a01.5\u00b0C\u00a0\u00bb targets.<\/span><\/span><\/p>\n<p style=\"text-align: justify;\">(4) <span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW58698967 BCX0\">Listen to the <\/span><\/span><a class=\"Hyperlink SCXW58698967 BCX0\" href=\"https:\/\/www.franceinter.fr\/emissions\/climat-chaud-devant\/climat-chaud-devant-12-decembre-2020\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW58698967 BCX0\" data-ccp-charstyle=\"Hyperlink\"><u>interview<\/u><\/span><\/span><\/a><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\"><u> <\/u>of Claire <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW58698967 BCX0\">Waysand<\/span><span class=\"NormalTextRun SCXW58698967 BCX0\"> in <\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW58698967 BCX0\">France<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW58698967 BCX0\">I<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW58698967 BCX0\">nter<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\"> during <\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\">a<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\"> special <\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\">program<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\"> for the <\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\">fif<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\">th<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\"> anniversary of the Paris Agreement<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\"> (in French)<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\">,<\/span><\/span><span class=\"TextRun SCXW58698967 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58698967 BCX0\"> from 00:39:00 to 00:45:00.<\/span><\/span><span class=\"EOP SCXW58698967 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\"> <\/span><\/p>\n<p style=\"text-align: justify;\">(5) <span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\">Notably the<\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\"> groups<\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\"> AG2R La <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW34747000 BCX0\">Mondiale<\/span><span class=\"NormalTextRun SCXW34747000 BCX0\">, AXA, BNP Paribas, CNP Assurances, Caisse des D\u00e9p\u00f4ts, Credit Agricole\/Amundi, Credit Mutuel, Groupama, La Banque <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW34747000 BCX0\">Postale<\/span><span class=\"NormalTextRun SCXW34747000 BCX0\"> AM, MACIF, MACSF, Natixis\/Ostrum, OFI AM, Societe G\u00e9n\u00e9rale\/<\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW34747000 BCX0\">Lyxor<\/span><span class=\"NormalTextRun SCXW34747000 BCX0\"> AM. <\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\">See the <\/span><\/span><a class=\"Hyperlink SCXW34747000 BCX0\" href=\"https:\/\/reclaimfinance.org\/site\/en\/coal_policy_tool\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u><span class=\"TextRun Underlined SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW34747000 BCX0\" data-ccp-charstyle=\"Hyperlink\">Coal Policy Tool<\/span><\/span><span class=\"TextRun Underlined SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW34747000 BCX0\" data-ccp-charstyle=\"Hyperlink\"> of French Institutio<\/span><\/span><span class=\"TextRun Underlined SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW34747000 BCX0\" data-ccp-charstyle=\"Hyperlink\">ns<\/span><\/span><\/u><\/a><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW34747000 BCX0\">. When the French banks committed themselves to aligning themselves with the objectives of the Paris A<\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\">greement<\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\">, AXA, Caisse des D\u00e9p\u00f4ts and CNP Assurances became part of the Net<\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\">&#8211;<\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\">Z<\/span><\/span><span class=\"TextRun SCXW34747000 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34747000 BCX0\">ero Asset Owner Alliance.<\/span><\/span><span class=\"EOP SCXW34747000 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\"> <\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:10px;--awb-padding-right:10px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#59bc6d;--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-3\"><p><b><u>Find out more <\/u><\/b><\/p>\n<p><span class=\"TextRun SCXW208342037 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW208342037 BCX0\">Read Ember\u2019s report <\/span><\/span><a class=\"Hyperlink SCXW208342037 BCX0\" href=\"https:\/\/ember-climate.org\/commentary\/2021\/02\/04\/utilities-beyond-fossil-fuels\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW208342037 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW208342037 BCX0\" data-ccp-charstyle=\"Hyperlink\">\u201c<u>Utilities beyond fossil fuels Evaluating the transition strategies of utility companies. Case study:  ENGIE<\/u>\u201d<\/span><\/span><\/a><span class=\"EOP CommentStart SCXW208342037 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\"> <\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":28,"featured_media":8592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222],"tags":[617,257,549],"acteurs_financiers":[],"thematique":[2421,2423],"webinar_type":[],"programme":[],"class_list":["post-8541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog_en","tag-climate","tag-coal-exit-plan","tag-paris-agreement","thematique-coal","thematique-fossil-fuels"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Engie\u2019s tumultuous road 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