EU bank hands out billions to companies complicit in burning fossil fuels

The European Investment Bank has pumped billions of euros into polluting fossil fuel companies over the past two years despite talking up its climate credentials, a new report by Counter Balance and CEE Bankwatch Network reveals.

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EIB turns ‘bad COP’: How the bank reopened the door for fossil majors

In the weeks before COP27, the European Investment Bank rolled back its financing limits on the world’s worst polluters - including the fossil fuel giants who caused the climate crisis.

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European Green Deal: Report shows fundamental flaws on financing

A new report by Counter Balance shows fundamental flaws on the financing pillar of the EGD that make it unlikely to properly contribute to addressing the key - and intertwined - challenges of our times

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EIB must not sacrifice social green transition for fossil fuel shareholders

The European Investment Bank must only finance companies which channel profits into fighting the climate crisis, and not fossil fuel polluters putting their shareholders ahead of people and planet, said NGOs from the Fossil Free EIB campaign in our latest briefing .

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What we do

Challenging public investment banks

We’re a European coalition of development and environmental non-governmental organisations (NGOs) with extensive experience working on development finance and public banks as well as campaigning to prevent negative impacts resulting from major infrastructure projects

Our mission is to make European public finance a key driver of the transition towards socially and environmentally sustainable and equitable societies

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Our priorities

Where we focus our efforts

Our activities focus on:
Climate Justice, Development & Human Rights,
Transparency & Accountability

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We conduct research on European public financial institutions and challenge investments that result in harmful impacts for people and the environment


We inform the public and open up debates on the role of EU public finance in the transition towards more sustainable and equitable societies


We coordinate advocacy campaigns towards decision-makers at EU and national levels to push for accountable, democratic and sustainable
public banks

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Turning the Tide


Bankwatch’s new documentary exposes, for the first time, the extent of financial support four of the world’s leading multilateral development banks (MDBs) have been providing to the global fossil fuels industry over the past 13 years.

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