Lightnews — Scholar-powered news

Reclaim Finance @reclaimfinance.org · 1d

➡️ A few facts about Glencore:

- Glencore is currently pursuing 17 thermal and met coal mining expansions around the world.

- It has recently been found to downplay its climate impact in its reporting by considerably underestimating the methane emissions of the Hail Creek mine in Australia.

Financing Glencore: European banks still backing coal expansion - Reclaim Finance

This report investigates how European banks’ policy loopholes enable Glencore to continue securing substantial funds.

reclaimfinance.org

1

Reclaim Finance @reclaimfinance.org · 1d

🔴 Barclays and Citi helped Glencore issue a €500 Mn bond yesterday.

The banks thus enable Glencore to pursue its coal expansion plans, despite all their social and environmental impacts.

📢 They must stop supporting companies with coal expansion plans like Glencore, including through bonds.

1 3 2

Reclaim Finance @reclaimfinance.org · 2d

🟧 ING has just released its 2025 Climate Update – but instead of seizing the opportunity to demonstrate climate leadership, the bank has chosen continuity over real change.

Read our full analysis in the article below ⬇️

ING’s 2025 Climate “Update”: still fueling fossil expansion - Reclaim Finance

ING’s 2025 Climate Update was an opportunity to demonstrate real leadership in a year when financial institutions are under pressure to halt their support for fossil fuel expansion

reclaimfinance.org

3

Reclaim Finance @reclaimfinance.org · 5d

📆 RDV ce samedi à la Cité de l’Économie (Paris 17) pour une rencontre signature avec @luciepinson.bsky.social !

Un temps d'échange entre Lucie Pinson et Cédric Fuentes dans l'auditorium du musée sera suivi d'une séance de dédicaces.

Réservez votre place gratuite 👉 tickets.citeco.fr/fr-FR/mes-bi...

1 4

Reclaim Finance @reclaimfinance.org · 6d

📢 Nous appelons les banques comme BNP Paribas, Crédit Agricole, Société Générale et ING à cesser d’accorder des soutiens inconditionnés à ArcelorMittal tant que l'entreprise ne se sera pas engagée sur une trajectoire de décarbonation alignée avec l’objectif 1,5°C.

1

Reclaim Finance @reclaimfinance.org · 6d

🚨 BNP Paribas, Crédit Agricole, Société Générale et ING ont aidé ArcelorMittal à lever 650 millions d’euros sur le marché obligataire cette semaine.

Ce soutien inconditionné pourra permettre à l'aciériste de poursuivre la production ultra polluante d'acier à partir de charbon métallurgique.

1 2 6

Reclaim Finance @reclaimfinance.org · 8d

📣 Avec plus de 120 organisations, experts, chercheurs et entreprises, nous appelons la Commission européenne à garantir l'exclusion des entreprises développant de nouveaux projets d'énergies fossiles des futures catégories du SFDR afin de lutter efficacement contre le greenwashing.

Lire la lettre ⤵️

There is no room for fossil fuel developers in any sustainable finance categories - Reclaim Finance

The review of the SFDR is coming to an end with the publication of the proposal for a revised regulation by the European Commission announced for Q4 2025.

reclaimfinance.org

13 21

Reclaim Finance @reclaimfinance.org · 9d

Plus de 50 investisseurs se sont déjà engagés à ne plus apporter d’argent frais à TotalEnergies.

Les investisseurs, tels qu'Amundi, qui continuent de soutenir la stratégie climaticide de l'entreprise doivent réagir et suivre la marche !

Pour en savoir plus : reclaimfinance.org/site/2025/09...

Quels investisseurs refusent de soutenir TotalEnergies? - Reclaim Finance

TotalEnergies continue son expansion pétro-gazière, mais de nombreux investisseurs dénoncent sa stratégie climaticide.

reclaimfinance.org

1 2 5

Reclaim Finance @reclaimfinance.org · 9d

🚨 TotalEnergies vient d'annoncer :

📉 revoir à la baisse ses investissements pour le bas carbone d’ici 2030, passant d’une fourchette de US$4-5 mds / an à environ US$4 mds

📈 augmenter ses investissements dans les nouveaux projets fossiles, passant de 33% à 35% sur la période 2026-2030.

1 10 9

Reposted by Reclaim Finance

Lotte Leicht @lotteleicht.bsky.social · 15d

Big banks finance #ClimteCrisis destruction. Btw 2021–2024 they provided #FossilFuels twice the money they gave to clean alternatives -ignoring science, law & the rights of present & future generations

#ICJ is clear; govts must regulate & phase out fossil fuel
reclaimfinance.org/site/en/bank...

Banking On Business As Usual - Reclaim Finance

Between 2021 and 2024, the 65 biggest banks globally allocated to fossil fuels more than twice the amount of money allocated to sustainable power supply.

reclaimfinance.org

2 3

Reclaim Finance @reclaimfinance.org · 9d

👋 Not in their name : #TotalEnergies will NOT get their support.

With TotalEnergies gathering its top investors in New York City today, we examine the strategies adopted by the 50-plus investors who have refused to support the company.

Read the article ⤵️
reclaimfinance.org/site/en/2025...

Which investors refuse to support TotalEnergies? - Reclaim Finance

As TotalEnergies continues to develop new oil and gas projects, investors have criticized its destructive oil and gas projects and climate-wrecking strategy.

reclaimfinance.org

5 11

Reclaim Finance @reclaimfinance.org · 14d

🔴 Les grandes banques mondiales financent deux fois plus les fossiles que leurs alternatives soutenables !

Rémi Hermant, chargé de campagne chez Reclaim Finance, et Andrea Hernandez, analyste chez Reclaim Finance, vous en disent plus au micro de @franceinter.fr ⤵️

www.radiofrance.fr/franceinter/...

Les banques mondiales financent deux fois plus les énergies fossiles que la transition énergétique, selon une étude

Selon un rapport de huit ONG, les financements bancaires mondiaux privilégient les énergies fossiles au détriment des renouvelables. Le rapport met en lumière un ratio de 0,42, soit 42 centimes pour l...

www.radiofrance.fr

1 7

Reposted by Reclaim Finance

Vert, le média 💚 @vert.eco · 14d

🛢️ Les banques mondiales ont financé 2× plus les énergies fossiles (≈2,8 mds€) que les renouvelables (1,2 milliard) entre 2021 et 2024, selon @reclaimfinance.org.

💸 Parmi elles : BNP Paribas, Crédit Agricole, Société Générale et BPCE qui s'étaient engagées pour leur neutralité carbone d’ici à 2050.

5 13 32

Reclaim Finance @reclaimfinance.org · 15d

📢 We are urging banks to reduce financing for fossil fuels, end all support for fossil fuel expansion, and to rapidly increase financing for sustainable alternatives by setting financial targets, robust sectoral policies, and enabling a ratio of at least 6:1 to be achieved by 2030.

Full report ⤵️

Banking On Business As Usual - Reclaim Finance

Between 2021 and 2024, the 65 biggest banks globally allocated to fossil fuels more than twice the amount of money allocated to sustainable power supply.

reclaimfinance.org

6 13

Reclaim Finance @reclaimfinance.org · 15d

➡️ This ratio shows that banks cannot claim to be backing the energy transition while still financing business as usual.
They must at the same time step away from fossil fuels and increase their financing for sustainable alternatives.

1 1 6

Reclaim Finance @reclaimfinance.org · 15d

3️⃣/3️⃣
🌍 NOWHERE are banks on track:

- At the bottom of the ranking, US (0.25:1) banks provide 4x more finance for fossil fuels than for sustainable alternatives

- Japanese (0.35:1) and Chinese banks (0.52:1) do slightly better

- European banks have the ‘least bad’ ratio (0.70:1)

1 1 3

Reclaim Finance @reclaimfinance.org · 15d

2️⃣/3️⃣
The financing ratio is 0.42:1 : for each dollar allocated to fossil fuels, just 42 cents went to sustainable alternatives.

This falls far below the needs identified in the IEA #NZE projections: fossil investments must drop 60% by 2030, while green funding must more than double to reach 6:1.

1 2 4

Reclaim Finance @reclaimfinance.org · 15d

1️⃣/3️⃣
The biggest 65 banks are NOT on track when it comes to financing the energy transition:

Between 2021 and 2024, just US$1,368 billion was allocated to sustainable power (such as solar, wind, and related infrastructure), while US$3,285 billion was allocated to fossil fuels

1 5 7

Reclaim Finance @reclaimfinance.org · 15d

🔴 BREAKING: Big banks poured over 2× more into fossil fuels than sustainable energy between 2021–2024!

Our new report Banking on Business as Usual offers the first full comparison of global fossil vs. sustainable power finance.

Read the 3 key findings below⤵️

1 38 55

Reposted by Reclaim Finance

Rainforest Action Network @ran.org · 26d

A recent dredging operation near Venture Global’s CP2 LNG terminal in Louisiana has unleashed disaster.

Instead of storing dredged sludge, tons of river mud and debris poured into Big Lake and nearby bayous, burying vital fish habitats and smothering oyster reefs. #StopCP2
https://bit.ly/4893R7w

Fishermen in Southwest Louisiana Say LNG Terminals Are to Blame for Shrimp Harvest Decline - Inside Climate News

Commercial fishermen are leaving what was once the seafood capital of America in search of shrimp as LNG export terminals move in.

insideclimatenews.org

3 12

Reclaim Finance @reclaimfinance.org · 19d

Have you ever been looking for concrete numbers and comprehensive data on whether or not banks are actually doing enough to support the energy transition?

📅 Well, mark your calendars for 23 September 2025—we’re about to release something huge!

Can you guess what it is?

1 2

Reposted by Reclaim Finance

Les Amis de la Terre France @amisdelaterre.org · 20d

Une victoire dans l’affaire Total Ouganda 😍🥳

Le tribunal vient de rendre une décision cruciale enjoignant à Total de communiquer des documents considérés comme des éléments de preuve essentiels à la procédure par les demandeurs.

Notre réaction : www.amisdelaterre.org/communique-p...

1 21 30

Reposted by Reclaim Finance

Earth Quaker Action Team @eqat.bsky.social · 26d

Vanguard is the world’s largest investor in fossil fuels, with $444 billion of its customers’ money in coal, oil, and gas – and $184 billion of that just in fossil fuel expansion! Science tells us with resounding clarity that we must not keep extracting and burning more fossil fuels.

Two people in EQAT T-shirts pose outside a building; one holding a guitar, the other making a peace sign.

1 2 4

Reclaim Finance @reclaimfinance.org · 21d

By supporting these bonds, banks like HSBC and Standard Chartered enable Saudi Aramco to pursue activities that are absolutely incompatible with a 1.5°C trajectory (read more below).

📢 Calling on HSBC and Standard Chartered to stop supporting the bonds of oil & gas developers.

Assessment of oil and gas companies' climate strategy - Reclaim Finance

Reclaim Finance has analyzed the climate strategies of European and American oil and gas companies.

reclaimfinance.org

1

Reclaim Finance @reclaimfinance.org · 21d

🔴 HSBC and Standard Chartered help the oil & gas developer Saudi Aramco raise US$ 3 bn through bonds today.

The two bonds were emitted by the company's financial subsidiary SA Global Sukuk.

Reminder: Saudi Aramco is the largest developer worldwide of new upstream oil & gas projects.

1 3 8