EIB Curbs Lending For Coal-Fired Power Projects

Law360, New York (July 24, 2013, 4:36 PM EDT) -- The European Investment Bank said Wednesday it would cut off lending for most coal-fired power projects to support renewable energy and pollution-control goals set by the European Union, following a similar move last week by the World Bank to dramatically curb such funding.

Changes have been in the works since last fall, when the EIB — the EU's primary lending arm — launched a review of its energy lending practices. Governments within the EU and authorities setting standards for the bloc have increasingly focused on energy...
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