Fuelling controversy
European Voice | July 15, 2013The EU’s investment bank is under pressure to stop financing coal plants
EU Bank ‘Funding Polluters’
IPS | July 15, 2013The European Union Commissioner for Climate Action, has called for the European Investment Bank, the largest institutional bank in the world, to take a leading role in eliminating public support for fossil fuels.
Mongolian herders submit complaint to European public bank
Intercontinental Cry Magazine | July 11, 2013Ulaanbaatar – A group of Mongolian herders submitted today [July 5] an official complaint to the Project Complaints Mechanism of the European Bank for Reconstruction and Development (EBRD), hoping to initiate a process of evaluation of the adverse impacts on their health and livelihoods of two mining projects financed by the international public lender.
Client Earth criticises development banks’ lending policies
Power Engineering International | July 11, 2013A top environmental law agency has applauded European Commissioner for Climate Policy Connie Hedegaard for her stance on development banks’ lending practices to fossil fuel power generators.
Hedegaard applies pressure to development banks
Power Engineering International | July 10, 2013The momentum towards a world, or a Europe at least, where renewable power dominates was added to this week, when Connie Hedegaard said development banks ought to take “a lead role in eliminating public support for fossil fuels.”
EU climate commissioner calls for development banks to cut ties with fossil fuels
Blue and Green Tomorrow | July 10, 2013The EU’s commissioner for climate change has urged three large development banks to stop investing in fossil fuels and to instead promote renewable energy in the western Balkans.
Storebrand ditches fossil fuel assets in pursuit of ‘long term, stable returns’
Business Green | July 8, 2013Major victory for global divestment campaign as Nordic investment giant excludes 19 fossil fuel companies from its portfolio
Hedegaard urges development banks to divest from fossil fuels
EurActiv | July 8, 2013Climate Commissioner Connie Hedegaard has called for development banks with a combined annual lending pot of €130 billion to end support for fossil fuels in their energy lending policy reviews.
EIB cleans up its energy lending policy
Energypost.eu | July 4, 2013The European Investment Bank (EIB) intends to place stricter CO2 emission standards on coal power plants that it finances, but not as strict as the standards president Obama recently proposed in the US. The EIB is also considering investing in shale gas projects, according to a draft of its new energy lending policy. NGOs accuse the EIB of a “missed opportunity to politically reject coal”. With the EBRD and World Bank also mulling new investment criteria, the battle to “green up” Big Energy Money is heating up.
Renaissance des Rußes
Der Spiegel | July 4, 2013Article available upon request
