European Investment Bank to Divest from Most Fossil Fuel Projects

HeadlineNov 15, 2019

In Luxembourg, the European Investment Bank said Thursday it will begin divesting from fossil fuels, ending its financing of most oil and coal projects after 2021. Campaigners hailed the move by the world’s largest public bank as a major victory for the climate, but warned of loopholes that leave the door open for investments in natural gas projects.

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