Gas wins concessions, but EIB makes big step away from fossil fuels
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Gas wins concessions, but EIB makes big step away from fossil fuels

Dutch natural gas processing site from Adobe 15Nov19 229x150

In a marathon board meeting that lasted into the evening on Thursday, EU member states have approved a new Energy Lending Policy for the European Investment Bank, ending a dispute over how fast it can cut out fossil fuel financing. Those arguing for gas still to receive financing won substantial concessions, compared with the EIB's first draft of the policy.

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