Monday July 13, 2020

EIB fossil gas project funding is set to continue after 2021

The European Investment Bank will continue to lend to fossil gas projects after 2021 as long as they meet strict emissions standards, the bank’s vice president Andrew McDowell has told The Sunday Business Post

Daniel Murray

Business Reporter

@danieltmurray
17th November, 2019

The European Investment Bank will continue to lend to fossil gas projects after 2021 as long as they meet strict emissions standards, the bank’s vice president Andrew McDowell has told The Sunday Business Post.

The comments come after member states last week voted for the EIB to stop all financial support for fossil fuels from December 2021.

Following a marathon session of 11 hours last Thursday, EIB members approved a new energy lending policy at...

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