Activists deployed a 3-meter-tall balloon depicting Japanese Prime Minister Shinzo Abe emerging from a bucket of coal to protest the Japanese government’s continued support for new coal-fired power projects.
#StopFundingFossils
EIB’s Shareholders Must Adopt its Draft Policy & #StopFundingFossils
In these dark times, with daily doses of bad news of our growing climate emergency, we have to celebrate every climate victory we get. And last Friday there was one such victory.
EU’s lending arm wants more pipelines and the Paris Agreement – it can’t have both
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.
Report: The European Investment Bank Can’t Meet the Paris Agreement if It Keeps Funding Gas Infrastructure
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.
Gas and the European Investment Bank: Why New Gas Infrastructure Investment Is Incompatible with Climate Goals
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.
The Climate Rebellion May Be Growing, but Big Oil Keeps on Drilling
Even though the science says we cannot carry on drilling, the oil industry capital investment over the next decade is forecast to rise over 85%, reaching over $1 trillion a year.
Response to Malpass Appointment as World Bank President
While Malpass has promised to maintain the World Bank’s existing commitments on climate change, governments should be extremely wary, said Alex Doukas, of Oil Change International.
Budget 2019 Reaffirms Canada’s Commitment to Remove Subsidies to Oil & Gas, Yet Offers New Handouts to the Sector
Despite moderate progress in the 2017 budget, Canada remains the largest provider of fiscal support to oil and gas production in the G7 relative to the size of its economy.
Elite British Cycling Team Sells Out to Shale Boss
One of Britain’s elite cycling teams has just announced that its new sponsor will be the UK’s richest man, petrochemical and fracking boss, Sir Jim Ratcliffe.
Norway set to divest $1 trillion wealth fund from oil and gas exploration companies
Today, Norway announced plans to divest from roughly 150 companies engaged in oil and gas exploration and production. Our response.