8,440 Active Recruiters     Over 2 Million Candidates Globally

  1. Keep me logged in
  2. forgot password

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

EU’s Lending Arm Delays Vote on Limiting Fossil-fuel Financing

Published in Oil Industry News on Friday, 18 October 2019

Graphic for News Item: EU’s Lending Arm Delays Vote on Limiting Fossil-fuel Financing

The European Investment Bank stopped short of agreeing a strategy to limit funding for fossil fuels, a plan that would help step up Europe’s ambition to fight climate change.

The board of the Luxembourg-based lending arm of the European Union decided at a meeting on Tuesday to postpone until Nov. 14 discussion on a new strategy that includes increased support for clean-energy projects, according to the CEE Bankwatch Network lobby. The EIB declined to comment immediately.

Hot Tip

Once registered on oilandgaspeople.com as a candidate be sure to build a detailed profile. Other job sites save you time by scraping your CV into one database field but our structured database makes it much easier for recruiters to search and find you. Better for candidates.. Better for recruiters..

A move by the EIB to boost support for renewables would reinforce the Green Deal being pushed by Ursula von der Leyen, the incoming president of the European Commission. She wants the institution to become a climate bank and help unlock 1 trillion euros ($1.1 trillion) to shift the economy toward cleaner forms of energy.

“As of 1st January 2021, the EIB should stop handing out public money to fossil fuels projects,” said Anna Roggenbuck, Policy Officer, CEE Bankwatch Network. “Otherwise, the whole idea of turning the EIB into a climate bank will inevitably fall apart.”

The EIB’s draft strategy has come under fire from green lobby groups after it was softened last month to allow funding for certain natural gas projects, a move sought by Germany and some central European nations concerned about their reliance on Russian supplies. The nations were pushing back on Tuesday and the new policy rules couldn’t be approved without their support, according to CEE Bankwatch Network.

The EIB, which last year invested more than 16 billion euros in climate-action projects, is preparing to play a larger role in spurring low-carbon technologies because the EU is weighing whether to declare itself the first climate-neutral continent by the middle of this century.

The 28-nation bloc wants to step up its ambition in sync with the landmark 2015 United Nations agreement to fight global warming, after the U.S. turned its back on the accord.

Von der Leyen, who is due to assume her new job on Nov. 1, also wants the EU to deepen its current target to cut emissions by at least 40 percent by 2030 from 1990 levels. That may involve a reduction of 50% or even 55% to counter the more frequent heat waves, storms and floods tied to global warming. Fossil fuels such as coal, oil and natural gas are leading contributors to climate change.

Source: www.worldoil.com

Please leave comments and feedback below


North Sea Oil and Gas News, Norwegian Oil and Gas News, Helicopters Oil and Gas, Oil and Gas News

Oil and Gas News Archive

Latest Oil & Gas News

Featured Companies

  • View All JobsOMPA

    Offshore Marine People & Academy (OMPA) is a global provider of personnel and training to the renewables, oil & gas, telecommunications and marine industries.

    With over 15 years' industry experience, we work with candidates to match them to the right roles and equip them with the skills and knowledge needed to succeed. Our job is to exceed your expectations.

    Visit us online: offshorempa.com

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com