Failing better or climate success? Briefing on the European Investment Bank and support to fossil fuels

28 October 2019|

NGOs urge EU bank to quite fossil fuels investments, as it touts its climate commitment at COP24.

Date: 1 December, 2018
Organisation: Bankwatch, Counter Balance, and Les Amis de la Terre (Friends of the Earth France)
Theme:
  • Natural resources

While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) still continues to fund climate damaging fossil fuel projects, having disbursed more than EUR 11.8 billion in fossil fuels projects since 2013 – point out NGOs in a new briefing.

Contributing organisations include: Counter Balance, Friends of the Earth Europe, Bankwatch Network, Les Amis de la Terre, WWF, OilChange, Christian Aid, CAN, LINGO

Visit the Counter Balance website to find out more.

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