Storebrand ditches fossil fuel assets in pursuit of ‘long term, stable returns’
8 July 2013 | Business Green
Major 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
8 July 2013 | EurActiv
Climate 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
4 July 2013 | Energypost.eu
The 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.
Banks’ Balkan Energy Investments Undermine EU Targets
27 June 2013 | Balkan Insight
Heavy investment in fossil fuels by international financial institutions in Western Balkan countries is hindering their compliance with EU climate targets, a report says.
Energy investments in the Balkans damaging EU prospects – report
27 June 2013 | New Europe
Continued investment by international public finance institutions in traditional energy projects are hindering the chances of countries in the western Balkans to comply with EU accession requirements, according to a new report.
