EIB, SG Finans to Fund Norwegian Climate Change Projects
15 Maio 2020 - 01:06PM
Dow Jones News
By Dieter Holger
The European Investment Bank said Friday that it has teamed up
with SG Finans AS, an equipment financing unit of Societe Generale
SA, to lend money to Norwegian climate change projects and small
businesses.
The EIB said the agreement would offer a credit line of 90
million euros ($97.2 million), of which 70% is earmarked for
climate projects and the rest for small and medium-sized
enterprises.
This builds on a previous credit line of EUR90 million that the
banks signed in 2018, which funded electric and biofuel public
buses, electric bicycles and equipment for rail, the EIB said.
"Once the threat of the coronavirus will have subsided a
potentially bigger danger is still looming: climate change," said
Andrew McDowell, EIB vice president, in prepared remarks.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
May 15, 2020 11:51 ET (15:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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