EU investment in natural gas undermines bloc's climate goals
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Paris
THE European Union's investment arm risks torpedoing the bloc's commitment to abide by the Paris climate goals by financing billions of euros worth of new natural gas infrastructure projects, new analysis said Thursday.
The European Investment Bank, the world's largest multilateral lender, provided 2.5 billion euros (S$3.8 billion) for fossil fuel projects in 2018, the bulk of which went towards gas pipelines.
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