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European Investment Bank to end all loans to oil and gas firms
- rangerranvir 5y agoDumb
- demadog 5y agoEasy enough to do when Norway is really the only big oil producer and they’ve got it handled themselves! Would be a different story if there was shale in the Balkans…
- perfunctory 5y ago> The EIB, the world’s largest multilateral bank, which is active in 160 countries ... It's not just Europe.
- cheaprentalyeti 5y agoI think you're forgetting about Russia. They sell or resell a lot of oil.
- 32gbsd 5y agoNot sure if this is a good or bad thing
- Proven 5y agoMorons. Renewables have failed to provide energy security and cost effectiveness. This simply increases dependency on Russia and impoverishes millions. Governments shouldn't be in money-lending business in the first place, but the bank and lending remain, just even more wasteful than before. Watch them pour that money and then some into unreliable and expensive green projects. The EU is sinking into oblivion.