A new analysis released today highlights how European Investment Bank (EIB) financing of fossil fuel projects – in particular gas pipelines and LNG terminals – is not compatible with EU climate commitments or the aims of the Paris Agreement.
There is no room for further financing of fossil gas or any other fossil fuel projects by the EIB. This briefing calls for the new Energy Lending Policy to reflect this reality. The EIB cannot claim to uphold its commitment to align its finance with the Paris Agreement if it continues to finance fossil gas projects.
No matter how much spin they put on it, Canada is heading for its Kodak-climate moment.
We are struck by some parallels between the Ogoni struggle, the insistent energy of the recent School Strikes and Extinction Rebellion’s actions over the past weeks.