By David Fessler The European Investment Bank (EIB) – the world’s largest public lender – has historically financed projects all over the world.
A few weeks ago, it made an important announcement that sent shock waves around the world’s banking networks. And it will have huge implications for investors.
Phasing Out Fossil Fuels
When the public and private sectors of the European Union need money, they turn to the EIB. It lends money to small companies through local banks.
The EIB never invests more than half the cost of any project. This attracts financing from other banks and private investors.
One of the EIB’s biggest areas of investment …read more
