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European energy chief puts forward case for funding coal

2013-05-12 23:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: One of Europe's most influential government-owned investors in the energy industry has hinted it may expand funding of high-carbon coal projects despite mounting pressure from climate change campaigners to rule out such investments. Riccardo Puliti, energy chief at the European Bank for Reconstruction and Development (EBRD), warned against an "ideological" policy on carbon intensity in funding decisions without giving weight to other considerations. The EBRD, which is based in London and owned...

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