Lawyers warn continued gas lending will breach EIB legal duties

(Client Earth, London, 12 November 2019) As the European Investment Bank (EIB) Board of Directors prepares to vote on excluding natural gas from its lending policy, lawyers have issued a clear warning: continuing to finance fossil fuels would breach the Bank’s legal duties. [While facing a different regulatory regime, as ECA support for fossil fuels grows, might they face legal action?]