“When the world’s biggest public lender decides to largely ditch fossil fuels, financial markets across the globe will take notice: this is the beginning of the end of climate-wrecking fossil fuel finance.” - Kate Cahoon, @350 #FossilFreeEIB
European Investment Bank to stop funding fossil fuels by 2021 - it gave €6m a day to fossil fuel cos 2013-2018 "This sets gold standard for climate leadership in banking sector" says Lord Stern
Good news in a sea of bad
The world’s largest multilateral financial institution, The European Investment Bank, has agreed to stop all financing for fossil fuels within the next two years.
European Investment Bank to phase out fossil fuel financing
European Investment Bank to phase out fossil fuel financing - this is good, even with its loopholes. well done ...