Finance in Common Summits misses opportunity to end fossil fuel finance, but there is a way forward, say CSOs

November 12, 2020By LaurieBlog Post, Featured, News, Press Releases, Stop Funding Fossils

Today development banks signed a joint declaration at the first global summit of development banks, Finance in Common. Before the summit, the UN Secretary General, youth climate activists, and over 300 civil society organisations all urged development banks to act to end fossil fuel investments. However, the joint declaration only includes a vague commitment to “consider” ways to reduce fossil fuel investments.

Gas and the European Investment Bank: Why New Gas Infrastructure Investment Is Incompatible with Climate Goals

June 12, 2019By Oil Change InternationalBriefings, Fossil Gas, Stop Funding Fossils

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.