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

June 18, 2019By Bronwen TuckerBlog Post, Fossil Gas, Stop Funding Fossils

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.

The devil is in the details: Oil Change International response to reports of IEA movement on a 1.5°C scenario

June 11, 2019By Oil Change InternationalEnergy Transitions & Futures, Press Releases

We’re glad to hear that the IEA is starting to respond to the growing demands from business leaders, government leaders, and civil society members to align its scenarios with Paris. However, the devil is in the details as to whether or not such a scenario from the IEA should earn our applause, and we must withhold judgment until more details are released.