In 2024, the EIB lent 89 billion EUR, of which 10 billion EUR went to fossil fuel companies.
75% confidence
EconomyEuropean Union
Omissions
The claim of 10 billion EUR to fossil fuel companies could not be verified from official EIB sources. EIB energy lending data typically combines fossil fuels and other energy sources, and separate fossil fuel-specific figures are not readily available in public reports. The fossil fuel lending figure may be an estimate from external NGOs or advocacy groups rather than official EIB statistics.
The 89 billion EUR figure represents the EIB Group total (including EIF), while EIB Bank-only lending was 76.6 billion EUR. The speaker did not specify whether they referred to EIB Group or EIB Bank-only figures.