You can read 9 more articles this month
PROTESTERS from across Europe flocked to Luxembourg today to demand that the European Investment Bank (EIB) immediately ends its support for fossil-fuel projects around the world.
The action, the first targeting the European Union’s financial arm over climate change, took place a week before the 28 EU finance ministers are due to meet to review the bank’s energy lending policies.
Dozens of people representing communities in at least 12 countries blocked the bank’s entrance, singing and chanting. One of the EIB vice-presidents came out to listen to the testimonies of representatives.
One protester, who gave her name only as Camille, said that people across Europe were rising up to demand an end to public money being used to support expansion of the fossil-fuel industry.
She said: “Communities across the world are already feeling the impacts of climate breakdown.
“We need to change course, faster, but money keeps flowing to new and existing fossil-fuel projects and the EIB loaned nearly €12 billion (£10bn) to fossil fuels between 2013 and 2017 while calling itself a ‘climate leader.’
“Young people across more than 165 countries are striking in numbers we have never seen before to demand bold action to keep fossil fuels in the ground to have a possible future and stop climate breakdown.”
The EIB, the world’s largest multilateral lender, is facing mounting pressure to update its policies as public awareness of the scale of the climate crisis continues to grow.
Campaigners say the EIB board of governors – made up of the finance ministers of the EU member states – has a duty to act in accordance with national and international climate targets.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.