Energy

EU bank announces end to fossil fuel financing

EU bank announces end to fossil fuel financing

The board of the European Investment Bank agreed on Thursday to cease funding fossil fuel projects, but what president Werner Hoyer called “the most ambitious climate investment strategy of any... Read more

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Markets & Corporate

EU envisages support for banks financing green projects

The European Commission will review banks’ capital requirements to encourage them to invest in the low-carbon transition as part of a new set of rules to be tabled by June 2020

Markets & Corporate

Just 13 global energy giants committed to net zero, research finds

A new survey has revealed that only 13 out of 132 of the world’s largest energy companies are committed to reaching net zero emissions

Markets & Corporate

Indigenous groups call for new EU laws on deforestation

A delegation of Brazilian indigenous groups have met with EU lawmakers to raise concerns over a lack of regulation for deforestation and condemn the Mercosur trade deal

Markets & Corporate

Commission urged to rethink ‘fossil fuel subsidy schemes’

The European Commission has been urged to review its policies that allow member states to subsidise fossil fuel power plants, following a decision to reapprove the UK’s capacity market on Thursday

Markets & Corporate

Campaigners demand 'firewall' between EU policymakers and big oil

Five major western oil and gas firms have spent 'at least' €251 million since 2010 lobbying EU institutions, according to a report by an alliance of environmental groups

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