Tag Archives: FossilFreeEIB

Banking on high-carbon maritime industry

Aside from aviation and road transportation, the EIB is also greatly contributing to the growth of the maritime industry. This blogpost, building on a section from our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”, discusses why such investments are incompatible with the bank’s commitment to align with the Paris Agreement. […]

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The EIB fossil fuels ban: The proof is in the pudding

This blogpost builds on our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” to expose the loopholes of the new energy policy and the many gas projects that continue to be approved by the European Investment Bank (EIB). As last week’s blogpost has similarly shown, the risk that the EIB will […]

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Green and renewable gas: the risk of financing fossil fuels through the back door

This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” which uncovers some of the key areas where there are genuine risks that the European Investment Bank (EIB) will support “greenwashing practices”. Among these are the false promises of “green” or “renewable” gas, a trap […]

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EU Watchdog Radio – Episode 8: EU Climate Bank – Greenwashing or Banking Revolution?

In this eighth episode, Clara Bourgin, research and policy assistant at Counter Balance digs into the recent commitments taken by the Europe Investment Bank (EIB) – the lending arm of the European Union – to become the “EU Climate Bank”. Back in November 2019, the EIB took the groundbreaking decision to phase out its support […]

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The EIB as climate bank: Leader of the pack or pulling up a smokescreen?

A shorter version of this article can be found on Climate Home News. The European Investment Bank (EIB) has announced its plan to become the “EU Climate Bank” with big fanfare at the end of 2019. The turning point was the approval of a new energy policy phasing out support to fossil fuels and the […]

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A key opportunity for EU governments to make the EIB a driver for a green and just recovery

Today, the 27 Finance Ministers of the EU member states are gathering in Brussels as Governors of the European Investment Bank (EIB) to discuss the future priorities of the bank. A key objective for this meeting must be to ensure that the role of the EIB in the EU recovery package is compatible with the […]

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The European Investment Bank must not ditch its commitment to the climate

We call on the bank to face the future and become a more sustainable, transparent and accountable institution.

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Counter Balance Activity Report 2019

Curious to what we’ve been up to in 2019? Whether it’s pushing the European Investment Bank into becoming a fossil free EIB by no longer investing in unabated fossil fuels or by publishing reports on the Juncker Plan or corruption. From climate and human rights to transparency, read about our most recent achievements below in […]

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EIB Roundtable Report: State of Play and Future Challenges

DOWNLOAD THE FULL REPORT BELOW This summary report of this roundtable is provided by the organizer Counter Balance. The opinions ex-pressed in this report are those of the authors and do not necessarily reflect the views of all participants in the roundtable. On March 3rd, 2020, 65 participants joined the roundtable on the State of […]

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NGOs call on EIB to halt fossil gas projects now!

On February 25, a coalition of international CSO’s sent a joint letter to Werner Hoyer, President of the EIB. The letter, sent by Counter Balance and 12 other international CSO’s, clarifies to the President the major risk factors involved in the recently approved Energy Lending Policy. These loopholes could undermine the ELP as a whole. […]

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