1 Trillion Euros Will Be Withdrawn from Investment in the Oil and Gas Industry

Written by Flavia Marinho

Published on 14/12/2020 at 13:01

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The “Climate Bank” Plan of the European Investment Bank (EIB) Had Been Under Discussion Since Last Year, When It Was Presented as a Sign of the EU’s Intention to Lead the Fight Against Climate Change

The governments of the European Union approved a green “roadmap” of €1 trillion (US$ 1.2 trillion) last Wednesday (09), which will stop financing oil and gas projects and airport expansions, although climate groups have said it did not go far enough. Companhia Energética de Brasília – CEB, has clearance from the STF to go to auction and be privatized

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The “Climate Bank” Plan of the European Investment Bank (EIB) Had Been Under Discussion Since Last Year, When It Was Presented as a Sign of the EU’s Intention to Lead the Fight Against Climate Change.

The €1 trillion is to be spent by 2030 on climate-focused, biodiversity, and sustainability projects.

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1 Trillion Euros Will Be Withdrawn from Investment in the Oil and Gas Industry

The “Climate Bank” Plan of the European Investment Bank (EIB) Had Been Under Discussion Since Last Year, When It Was Presented as a Sign of the EU’s Intention to Lead the Fight Against Climate Change

Read Also

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Corn outside the window may dry out in May and June: rain will only last until the end of April, El Niño is still uncertain, and three waves of polar air may bring strong frosts as early as the second half of May.

The fifth Japanese brand tried to compete with Honda by offering more advanced motorcycles, including shaft drive and even V-twin engines. It shone on the tracks but failed in the mass market and was ultimately swallowed by its own rival.

It costs less than a Honda CG 160: The new motorcycle from Shineray has a 169.30 cc engine, 13.59 hp, 18-inch wheels, and costs R$ 13,490, excluding shipping; learn everything about the SHI 170.

China suspends meat imports from a slaughterhouse in Várzea Grande, and the market tries to panic: an analyst says that the ban is common, may affect only one batch, and does not lower cattle prices.

Goodbye classic tiles: solar tiles lead a sustainable European trend that transforms rooftops into sources of clean energy, reduces electricity costs, and redefines the future of modern construction on a global scale.

1 Trillion Euros Will Be Withdrawn from Investment in the Oil and Gas Industry

The “Climate Bank” Plan of the European Investment Bank (EIB) Had Been Under Discussion Since Last Year, When It Was Presented as a Sign of the EU’s Intention to Lead the Fight Against Climate Change

Read Also

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Corn outside the window may dry out in May and June: rain will only last until the end of April, El Niño is still uncertain, and three waves of polar air may bring strong frosts as early as the second half of May.

The fifth Japanese brand tried to compete with Honda by offering more advanced motorcycles, including shaft drive and even V-twin engines. It shone on the tracks but failed in the mass market and was ultimately swallowed by its own rival.

It costs less than a Honda CG 160: The new motorcycle from Shineray has a 169.30 cc engine, 13.59 hp, 18-inch wheels, and costs R$ 13,490, excluding shipping; learn everything about the SHI 170.

China suspends meat imports from a slaughterhouse in Várzea Grande, and the market tries to panic: an analyst says that the ban is common, may affect only one batch, and does not lower cattle prices.

Goodbye classic tiles: solar tiles lead a sustainable European trend that transforms rooftops into sources of clean energy, reduces electricity costs, and redefines the future of modern construction on a global scale.