EU’s lending arm wants more pipelines and the Paris Agreement – it can’t have both

June 18, 2019By Bronwen TuckerBlog Post, Stop Funding Fossils No Comments

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.

Bye, Bye Peak Oil

June 26, 2012By Andy RowellBlog Post, Featured

Contrary to what most people believe, oil supply capacity is growing at such an unprecedented level that it might soon outpace consumption. This could lead to overproduction and a steep dip in oil prices. That is the startling conclusion from Leonardo Maugeri, a former senior executive with Italian oil giant ENI, who is currently a … Read More