The European Investment Bank Has Quit Fossil Fuels – But Borrowers Still Have Their Pick Of Lenders

18 November 2019, Forbes

Environmentalists applauded the European Investment Bank’s decision last week to phase out fossil fuel lending by the end of 2021. But to the average oil and gas company angling for a loan, the decision may not make much of a difference. In the fossil fuel financing game, the European Investment Bank (EIB) is a bit player. The European Investment Bank Has Quit Fossil Fuels – But Borrowers Still Have Their Pick Of Lenders