News
29 October 2021

EIB closes loophole to end all loans to oil and gas firms

In:
Oil & gas, Power, Renewables
Region:
Europe

The EIB has vowed to close a loophole that allows it to lend money to oil and gas firms despite a ban on financing fossil fuel projects.From 2022 onwards, the EIB will stop lending to polluting companies that want to finance low-carbon projects. This would mean, for example, the EIB will no longer...

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