EIB offers more loopholes for gas in green energy plan

Gas flaring carbon methane Adobe 13Nov19 230x150
By Jon Hay
13 Nov 2019

For the second time, the European Investment Bank has suggested concessions on its new Energy Lending Policy that would weaken its commitment to stop fossil fuel financing by the end of 2020, and its claim to becoming Europe's 'climate bank'.

The dispute between EU member states over the plans will come to a head again on Thursday, when finance ministry officials meet as shareholders of the EIB to try and reach a deal. A letter sent in preparation for the meeting includes a second round of compromises, to ...

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