#7 in Europe for fossil fuel financing.
Your money is being used to fund the climate crisis at an alarming rate.
Crédit Agricole is one of the world’s biggest funders of fossil fuels*. In the 7 years since the Paris Agreement, the banks in this category have funneled $5.5 trillion into coal, oil, and gas, rapidly accelerating the climate crisis.
While you’ve been stashing away money for a car or a weekend getaway, Crédit Agricole has been using your savings to lend to some very questionable fossil fuel friends.
And it's not just a little here and there, we’re talking about 89 billion USD in the 7 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement.
In fact, Crédit Agricole enables the pumping of more money into the fossil fuel industry now than it did in 2016, when the Paris Agreement came into force.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects