BBCNEWS Business Briefing July 13, 2024
Now, do we want our banks to continue financing fossil fuel projects such as Oil Exploration . Well, europes Climate Change credentials face an acid test today. Eu finance ministers will decide whether to back a plan by the blocs lending arm, the European Investment bank, the worlds biggest multilateral lender, to end loans to coal, oil and Gas Companies beyond next year. The decision comes against a backdrop of investors increasingly offloading their fossil fuel holdings, among them norways sovereign wealth fund, the Worlds Largest, which is dumping more than 13 billion of investments. But, d...