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A cataclysmic event (well, sort of) happened recently: The largest multi-lateral lender in the world, the European Investment Bank, said no to lending more money to oil, gas and coal. Why cataclysmic? It’s the gas bit. Because we’ve been told, time and time again, by oil companies that “natural gas” is clean, or is a bridge to a cleaner future. Now the biggest multilateral bank in the world says: It’s not true. The Angry Clean Energy Guy on why this decision is historic in the context of global climate finance flows; what these are; who's playing their part and who's not.
By Assaad W. Razzouk5
2929 ratings
A cataclysmic event (well, sort of) happened recently: The largest multi-lateral lender in the world, the European Investment Bank, said no to lending more money to oil, gas and coal. Why cataclysmic? It’s the gas bit. Because we’ve been told, time and time again, by oil companies that “natural gas” is clean, or is a bridge to a cleaner future. Now the biggest multilateral bank in the world says: It’s not true. The Angry Clean Energy Guy on why this decision is historic in the context of global climate finance flows; what these are; who's playing their part and who's not.

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