EU bank announces end to fossil fuel financing

The board of the European Investment Bank has agreed to cease funding fossil fuel projects, but what president Werner Hoyer called “the most ambitious climate investment strategy of any public financial institution anywhere” leaves the door open until the end of 2021.

by Robert Hodgson
 Boxberg coal-fired power plant near Weisswasser, Germany.(Photo by Sean Gallup/Getty Images)
Boxberg coal-fired power plant near Weisswasser, Germany.(Photo by Sean Gallup/Getty Images)

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