Tag Archives: EIB

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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EIB to stop financing fossil fuels by end 2020

Today, the European Investment Bank (EIB) published a draft of its new Energy Policy which proposes to end support to all fossil fuels beyond 2020. The draft policy is now to be approved by the bank’s shareholders, the EU Member States. Brussels, 26 July 2019 The EIB, the financial arm of the European Union, is […]

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Human Rights Defenders in EIB-financed projects: a long way to go

From Colombia to Kenya, 25 cases of threats and attacks against human rights defenders reveal how development financiers can fuel abuses or help fight them By Aleksandra Antonowicz-Cyglicka, Bankwatch A new report from the Coalition for Human Rights in Development and the Defenders in Development Campaign reveals the alarming impact ill-planned investments in infrastructure, energy, […]

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EIB must stop funding fossil fuels, say 70 civil society groups

Brussels, 13 June 2019 Ahead of a meeting of the EU bank’s Governors in Luxembourg on Friday, 70 civil society organisations, think tanks and academics across Europe call for a fossil-free European Investment Bank (EIB) in a joint statement released today On June 14th, the EU Finance Ministers will gather in Luxembourg(1) as Governors of […]

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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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From Colombia to Kenya, 25 cases of threats and attacks against human rights defenders reveal how development financiers can fuel abuses or help fight them

A new report from the Coalition for Human Rights in Development and the Defenders in Development Campaign reveals the alarming impact ill-planned investments in infrastructure, energy, and other development activities are having on the safety and wellbeing of human rights defenders around the world. Uncalculated Risks contains 25 case studies highlighting the grave dangers faced […]

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#EP2019: Will you stand up for financial justice?

The objectives of the European Union are being diverted from its foundations as a union for peace and solidarity, towards servicing the interests of the financial elite. As part of the Citizens for Financial Justice network, we’re calling on European election candidates to stand up for financial justice and pledge to put people before profit: […]

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Our Activity Report 2018

Our 2018 activities, successes and future challenges in a short booklet.

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