Banque de France pledges to drop coal-linked assets by 2024
French central bank will also cut oil and gas exposures, and oppose new fossil fuel projects
The Banque de France’s governor, François Villeroy de Galhau, said the central bank will dramatically reduce its investments in fossil fuels over the next few years.
The BdF will cut its exposure to coal this year, Villeroy de Galhau told the French National Assembly’s finance committee on January 13. The central bank issued a statement on January 18 saying it will no longer hold any assets linked to coal by the end of 2024.
Its coal targets were “a very ambitious horizon compared to the
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