350.org: World's Largest Public Bank Cuts Finance for Coal and Oil
November 15, 2019
November 15, 2019
NEW YORK, Nov. 15 -- The 350.org issued the following news release:
Today, the European Investment Bank (EIB), the world's largest international public bank and the Euros555bn lending arm of the EU, adopted a new lending policy that will cut finance to most fossil fuel projects as it tries to become the world's first 'climate bank'. Some countries including the German and Italian governments pushed for loopholes that could allow for dangerous fossil gas projects to be supported by t . . .
Today, the European Investment Bank (EIB), the world's largest international public bank and the Euros555bn lending arm of the EU, adopted a new lending policy that will cut finance to most fossil fuel projects as it tries to become the world's first 'climate bank'. Some countries including the German and Italian governments pushed for loopholes that could allow for dangerous fossil gas projects to be supported by t . . .