Tag Archives: fossil fuels

Government resistance over ‘green’ investments

Originally published on ENDS Europe. Raquel Guerra, 14 Dec 2018 The introduction of binding EU rules on the disclosure of environmental, social and governance (ESG) considerations for financial benchmarks could face resistance from national governments, according to an Austrian Presidency working document. The ‘green’ financial benchmarks are intended to measure the environmental performance of investments […]

Read more

European Parliament takes incoherent steps on climate in future EU investments

Strasbourg / Brussels, 13 December 2018 As governments discuss how to implement the Paris Climate Agreement at the COP24 in Katowice, today the Budget and Economic Affairs committees of the European Parliament failed to prevent further public investments in fossil fuels under InvestEU, the EU’s financing tool to attract private investments – say NGOs group […]

Read more

COP24 diary – day #10: Coal bonanza at the EIB

Originally published on Euractiv. By Claire Stam, 12 Dec 2018 Is Europe serious about phasing out fossil fuels? While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) continues to fund climate-damaging fossil fuel projects, having disbursed more than €11.8 billion in fossil fuel projects since 2013, Friends of the Earth Europe, Counter Balance […]

Read more

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

Brussels – Katowice – Prague, 11 December 2018 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 State delegations […]

Read more

European development money helps sustain fossil fuels-based companies – report

Originally published on bankwatch.org. Five of Europe’s biggest climate offenders continue to enjoy billions of euros in public funds, according to a Bankwatch report released today. 27 September 2018 The full report is available here. The companies – Energa and Grupa Azoty (Poland), ČEZ (Czech Republic), Elektroprivreda Srbije (Serbia), and Bulgarian Energy Holding (Bulgaria) – […]

Read more

The EIB obstructs climate action with continued fossil fuels spending and lacks investment in sustainable energy – report

Originally published on Bankwatch.org Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new […]

Read more