Date

2 November 2007

Related issues

European Union (EU)

Related members

Above Ground
Both ENDS
Corner House
Counter Current
Euronatura
FERN
Finance & Trade Watch
Friends of the Earth Japan
Les Amis de la Terre
Observatory on Debt in Globalization
Pacific Environment
Re:Common
urgewald

(FERN, Brussels, 29 Nov. 2007) With a resounding majority (540 MEPs of 785 in favour), the European Parliament today passed a resolution on trade and climate change which calls for “the discontinuation of public support, via export credit agencies and public investment banks, for fossil fuel projects”. The step was widely welcomed by environmental and development NGOs campaigning on export credit agencies (ECAs) and the European Investment Bank (EIB).