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EU Bank Takes ‘Quantum Leap’ to End Fossil-Fuel Financing

  • European Investment Bank approves new energy lending strategy
  • Incoming EU Commission chief wants EIB to become climate bank
Populism and Protest Lurk Behind Europe's Dying Coal Mines
Photographer: Krisztian Bocsi/Bloomberg
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The European Investment Bank adopted an unprecedented strategy to end funding for fossil fuel energy projects, in a move expected to support Europe’s plans to become the first climate-neutral continent.