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French insurer CNP to stop financing new oil and gas projects - Reuters

Reuters · Reuters · last updated

France’s CNP Assurances (CNPP.PA) will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing ranks of insurers taking a more …

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Related Knowledge Center: ENERGY BASICS: fossil fuels

State of Play

Fossil fuels — coal, oil and natural gas, primarily — remain the dominant energy sources for much of the world, with their accompanying infrastructure of mines, drilling and production wells, pipelines and various forms of transportation. But they have become more problematic as governments struggle to address climate change and pivot to energy sources that do not result in carbon dioxide emissions.

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