The European Investment Bank (EIB) is the world’s largest multilateral lender, bigger even than the World Bank. As a public bank, it’s tasked with providing finance in the EU public interest, and it has an outsized influence on the EU’s energy system because of the private investment it can “crowd in” and the sheer amount of money it has at its disposal.
“Every year there’s a new temperature record, it’s getting worse and worse and you feel like a broken record saying it. This should be the number one urgent conversation happening right now because it’s not just going to be Alaska, it’s going to be other communities all over the US”
A document from the early nineties reveals that Mobil was worried about climate change and secondly it was already funding groups with the intention of obfuscating the debate.
No matter how much spin they put on it, Canada is heading for its Kodak-climate moment.
The energy company EDF is coming under intense pressure in Scotland to help pioneer a “just transition” from oil to renewables by investing in wind turbine manufacture in the UK, rather than outsourcing the work to Asia.
The Irish Government has been accused of being a “puppet” of the oil and gas industry, and deliberately trying to “sabotage” a landmark Climate Emergency Measures Bill, just weeks after its Parliament declared a climate emergency.
Gas is dirty, expensive, and unnecessary – so why is the fossil fuel industry calling it a ‘bridge fuel’? Our new report unpacks and debunks the enduring myth that gas can form a ‘bridge’ to a safe climate.
The Trump Administration is redoubling its assault on the climate. Part of that is trying to redefine fossil fuels as “molecules of U.S. freedom” and “freedom gas.”
The world’s largest oil exporter has signalled that it is investing in the world’s largest shale play. And that can only be further bad news for the climate.
We live in a climate emergency, British children live in poverty in record numbers. Young people rightly care about climate change in ever increasingly numbers. It does not have to be this way. The solution is there, we just need the political will to make it happen. We need a just transition now.