European Investment Bank to phase out fossil fuel financing
(The Guardian Business News)

EU´s lending arm to become first `climate bank´ by ending financing of oil, gas and coal projects after 2021The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world´s first ``climate bank`.The bank will end its financing of oil, gas, and coal projects after 2021, a policy that will make the EU´s lending arm the first multilateral lender to rule out financing for projects that contribute to the climate crisis. Continue reading...