EIB
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Coal
Why Banks are Refusing to Fund Fossil Fuels
With global trends experiencing a paradigm shift and transitioning to cleaner sources of energy, there is also greater accountability to be given to those engaging directly or indirectly in fossil fuel activities and business. The focus is now on financial institutions, indirectly contributing to environmental degradation and climate change by funding, financing, or loaning companies with stakes in fossil fuel…
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Coal
European Climate Bank Pulls Funds From Fossil Fuels
Since the start of a massive divestment movement several years ago, billions of dollars have been pulled out from fossil fuel funding. From non-profits to churches and universities, the list of organizations that have turned away from the industry continues to grow. This week, it was announced that the European Investment Bank (EIB) plans to stop investing its capital into…
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