EU ministers recommend ending public funding for oil, gas and coal

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:The European Union should phase out its funding of oil, gas and coal projects, EU finance ministers said in a joint statement on Friday, in a move that could mark a major shift in the bloc’s efforts to combat climate change.It is the first time EU finance ministers have backed a declaration urging an end to fossil fuel funding altogether, having called previously only for an end to funding for coal power plants.An outright phase-out could halt multi-billion-euro financing of fossil fuel projects by the European Investment Bank (EIB), the EU’s financial arm.Last year, the EIB funded nearly 2 billion euros ($2.10 billion) of fossil fuel projects. Since 2013, such funding has amounted to 13.4 billion euros, EIB data show.However, gas projects in Ukraine, Croatia and other EU partners might still be funded after Hungary pushed for a waiver, fearing those countries would otherwise need to rely on Russia, confidential documents seen by Reuters show.Despite being a top financier of worldwide projects aimed at tackling global warming, the EU is ironically also funding fossil fuels, as many of its 28 member states back gas projects to reduce their reliance on nuclear energy or coal.But EU ministers on Friday in a joint statement called on the EIB and other global financial bodies, such as the World Bank, “to phase out financing of fossil fuel projects, in particular those using solid fossil fuels, taking into account the sustainable development, and energy needs, including energy security, of partner countries.”The political declaration needs to be backed up by a formal decision by the EIB board, which is composed by representatives of the 28 EU states.More: Worried by climate change, EU moves to end fossil fuel funding EU ministers recommend ending public funding for oil, gas and coallast_img read more


Williston Park Teen Tried to Kill Brother Before Himself, Cops Say

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Williston Park teenager has been arrested for allegedly trying to fatally stab his 14-year-old brother so that the victim wouldn’t be lonely when the suspect killed himself, Nassau County police said.Third Squad detectives charged 18-year-old Ruben A. Renderos with second-degree attempted murder, assault and posession of a dangerous weapon.Police said Renderos  stabbed the vicim with  a kitchen knife multiple times in the back, head, and chest at their home shortly before 8 p.m. Friday.The victim called his parents, who were not home at the time, and asked if they could call the police, prompting Renderos to flee the house on foot, police said.Officers apprehended Renderos shortly later walking on Jackson Avenue near Chaminade High School in Mineola.The victim was taken to a nearby hospital, where he is listed in stable condition while being treated for his wounds.Renderos was released without bail Saturday and is due back in court Tuesday.last_img read more