abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

1 Dec 2008

Author:
CEE Bankwatch

Tackle climate change by ending EU house bank's multi-billion subsidies for fossil fuels, says Bankwatch

The European Investment Bank (EIB)…must stop fueling climate change by phasing out its investments in fossil fuels by 2012. This is a key demand…brought by CEE Bankwatch Network at the United Nations Climate Change Conference…in Poznań, Poland…[N]ext year [the EIB] will consider…disclosing the greenhouse gas emissions associated with all of its lending…[T]he EIB's…climate-friendly investments are outweighed by the bank's accelerating support for fossil fuel projects.