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Environmental campaigners from around Europe held a demonstration today in Ljubljana, Slovenia aimed at ending the climate change enhancing investments of the European Investment Bank (EIB), the bank of the European Union and one of the biggest public lenders in the world.
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With a resounding majority (540 MEPs in favour), the European Parliament today passed a resolution on trade and climate change which calls for "the discontinuation of public support, via export credit agencies and public investment banks, for fossil fuel projects". The step was widely welcomed by environmental and development NGOs campaigning on export credit agencies (ECAs) and the European Investment Bank (EIB).
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