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After a fake press release in which the EIB ‘announced’ its divestment from coal, activists stroke again the next day during the Bank’s annual press conference. In name of EU citizens, President Werner Hoyer received the 2013 ‘World Coal Down’ award. Unfortunately he had to enfeeble the rumours of the EIB’s coal divestment, saying it was “complete nonsense”.
Originally posted on the Counter Balance blog
“Lets hope the EIB changes its mind by June, when it is supposed to have completed its energy policy review”, says Berber Verpoest from Counter Balance, a coalition of organisations behind the hoax. “The Bank presents itself as a climate action champ, but we can’t see how it can be a climate action champ if it refuses to be a coal down champ. Coal remains the dirtiest of all conventional fossil fuels.”
The aim of the action was to highlight this contradiction within the Bank’s operations. “But this […]

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