European Investment Bank slams the door on some big polluters

Companies involved in building coal plants or destroying rainforest will no longer be able to work on climate-friendly projects financed by the European Investment Bank (EIB), officials have announced, although critics have warned the oil and gas sector has got off the hook.

by Simon Pickstone
Open-cast brown coal mining near Garzweiler, western Germany, October 2021. The EIB has said it will rule out working with companies planning new coal mines for the power sector. Photo: Ina Fassbender/AFP via Getty Images
Open-cast brown coal mining near Garzweiler, western Germany, October 2021. The EIB has said it will rule out working with companies planning new coal mines for the power sector. Photo: Ina Fassbender/AFP via Getty Images

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