European Investment Bank plots ban on fossil fuel lending

Madeleine Cuff
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The European Investment Bank could halt funding for dirty energy projects from 2020 | Credit: Chris Mueller
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The European Investment Bank could halt funding for dirty energy projects from 2020 | Credit: Chris Mueller

Draft strategy suggests end to funding projects reliant on fossil fuels by 2020 in bid to place bank at the leading edge of the low-carbon transition

The European Investment Bank (EIB) is considering halting all lending to fossil fuel energy projects, under a draft energy lending policy released on Friday. The EIB, the world's largest development...

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