European Investment Bank to cease funding fossil fuel projects by end-2021
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BRUSSELS (Reuters) - The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, in a landmark decision.The bank's new energy lending policy, which was approved with "overwhelming" support, will bar most fossil fuel projects, including traditional use of natural gas, bank vice president, Andrew McDowell told reporters in a call."This is an important first step - this is not the last step," McDowell said.The ban on funding comes into effect a year..