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A space for sharing and discussing news related to global current events, technology, and society.
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© 2020 Relevant Protocols Inc.
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Last month 80 civil society organisations and academics published an open letter to the EIB calling on the bank to end its fossil fuel financing, which topped €2.4bn in 2018. Now, the EU’s lending arm has drafted plans which propose cutting support for energy infrastructure projects which rely on oil, gas or coal by barring companies from applying for loans beyond the end of 2020.
Last month 80 civil society organisations and academics published an open letter to the EIB calling on the bank to end its fossil fuel financing, which topped €2.4bn in 2018. Now, the EU’s lending arm has drafted plans which propose cutting support for energy infrastructure projects which rely on oil, gas or coal by barring companies from applying for loans beyond the end of 2020.
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