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European Investment Bank: the EU’s hidden giant

Originally published on the Financial Times. By Rochelle Toplensky and Alex Barker 15 July 2019 06:00 Clearer purpose sought for one the world’s biggest and most peculiar banks Safely hidden in the woods of Luxembourg sits one of the world’s biggest and most peculiar banks.  It issues more bonds than JPMorgan but is not supervised by […]

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EIB plans to end funding fossil fuels by 2021

Originally published by Public Finance International. By: Calum Rutter – 2 Aug 19 The European Investment Bank looks likely to make a “game-changing” move and stop funding fossil fuels by the end of 2020. A newly released draft policy from the bank said rapid and drastic action was needed to fight climate change and meet the objectives […]

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EIB plans to cut all funding for fossil fuel projects by 2020

Originally published by the Guardian. EU’s lending arm financed oil, gas and coal projects in 2018 with more than €2.4bn Jillian Ambrose Energy correspondent Fri 26 Jul 2019 16.36 BST The European Investment Bank has vowed to end its multibillion euro financing for fossil fuel projects by the end of next year in order to align its strategy […]

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EU leaders keep saying climate is a priority. Here’s something they can do

Originally published on Climate Home News The European Investment Bank is the world’s largest multilateral lender and it keeps funding fossil fuels. Next week EU finance ministers can change that By Xavier Sol and Adriana Paradiso Fixing our climate is one of the biggest challenges our politicians will have to face in the years to come, […]

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Les contours encore flous d’une banque européenne pour le climat

Originally published on mediapart.fr 23 mai 2019 Par Christophe Gueugneau Emmanuel Macron en a fait la proposition en mars, son parti l’a reprise dans son programme. De même qu’EELV et le PS. Mais tout reste à faire quant à la création d’une banque européenne pour le climat, à commencer par convaincre les partenaires européens. ·  […]

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Les investissements de la BEI à la loupe

Originally published by Mediapart, as part of “La lettre européenne #30″. L’ONG Counter Balance, qui enquête sans relâche sur les investissements de la Banque européenne d’investissement (BEI), a publié un manifeste à la veille des européennes : elle appelle les candidats et futurs eurodéputés à s’engager pour une réforme du fonctionnement de cette institution clé de l’UE, dont […]

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First overhaul the investment bank for a greener EU

Originally published on EU Observer. By Adriana Paradiso In a few weeks, as European citizens we will be called to elect our new representatives at the European Parliament. This democratic choice will be essential to make sure they push on our behalf to shape the kind of Europe we want to live in. And an […]

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Rebuilding the world: the hubris behind the global infrastructure agenda

Originally published on OpenDemocracy By Xavier Sol Infrastructure is not just about bricks and mortar. It is about systematic wealth extraction from local communities, whose territories are permanently reshaped in the name of capital accumulation. This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The […]

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Who really needs the Krk LNG Terminal?

Originally published on euronews. By Elena Gerebizza, Re:Common Last week, local residents and environmentalists confirmed their opposition to the planned Liquefied Natural Gas (LNG) Terminal in Krk, Croatia. A flagship project for the Adriatic country, the LNG terminal also features as a Project of Common Interest at European level, despite continuing controversies on its environmental impacts, usefulness […]

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[DE] Keinen Cent mehr für Gas

Originally published on taz.de Die Kampagne „Fossil Free EIB“ will, dass die Europäische Investitionsbank für fossile Energieprojekte keine Kredite mehr vergibt. Vor allem nicht für Gas. BERLIN taz | Mehrere Nichtregierungsorganisationen haben vor kurzem die Kampagne „Fossil Free EIB“ gestartet. Ihr Ziel: Die Europäische Investitionsbank (EIB) soll künftig keine Projekte mit fossilen Brennstoffen wie Kohle, Öl und Gas finanzieren. […]

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