{"id":3942,"date":"2020-06-03T08:38:00","date_gmt":"2020-06-03T06:38:00","guid":{"rendered":"https:\/\/www.greenpeace.org\/eu-unit\/?p=3942"},"modified":"2020-06-03T08:37:13","modified_gmt":"2020-06-03T06:37:13","slug":"ecb-bankrolling-climate-crisis","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/eu-unit\/issues\/climate-energy\/3942\/ecb-bankrolling-climate-crisis\/","title":{"rendered":"Bankrolling the climate crisis"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">ECB coronavirus response injects \u20ac7.6 billion into fossil fuels companies<\/h2>\n\n<figure class=\"wp-block-image size-large caption-style-blue-overlay caption-alignment-center\"><img loading=\"lazy\" decoding=\"async\" width=\"799\" height=\"527\" src=\"https:\/\/www.greenpeace.org\/static\/planet4-eu-unit-stateless\/2020\/06\/dd01c8e4-climate-emergency-2.jpg\" alt=\"\" class=\"wp-image-3948\" srcset=\"https:\/\/www.greenpeace.org\/static\/planet4-eu-unit-stateless\/2020\/06\/dd01c8e4-climate-emergency-2.jpg 799w, https:\/\/www.greenpeace.org\/static\/planet4-eu-unit-stateless\/2020\/06\/dd01c8e4-climate-emergency-2-300x198.jpg 300w, https:\/\/www.greenpeace.org\/static\/planet4-eu-unit-stateless\/2020\/06\/dd01c8e4-climate-emergency-2-768x507.jpg 768w, https:\/\/www.greenpeace.org\/static\/planet4-eu-unit-stateless\/2020\/06\/dd01c8e4-climate-emergency-2-510x336.jpg 510w\" sizes=\"auto, (max-width: 799px) 100vw, 799px\" \/><\/figure>\n\n<h4 class=\"wp-block-heading\">Key findings<\/h4>\n\n<ul class=\"wp-block-list\"><li>Between mid-March and mid-May 2020, as part of its response to the coronavirus pandemic, the European Central Bank (ECB) purchased corporate bonds to the tune of almost \u20ac30 billion.<\/li><\/ul>\n\n<ul class=\"wp-block-list\"><li>\u20ac2.4 billion went into bonds of integrated, upstream and downstream oil and gas companies. The estimated carbon footprint of bond purchases of Shell &#8211; one of the most polluting companies on earth &#8211; Total, Eni, Repsol and OMV is almost 8 million tons of CO2.<\/li><\/ul>\n\n<ul class=\"wp-block-list\"><li>A total of \u20ac4.4 billion went to utilities, with the bond purchases of prominent polluters Engie and EON alone contributing an estimated 3.2 million tons of CO2.<\/li><\/ul>\n\n<ul class=\"wp-block-list\"><li>A further \u20ac5.6 billion went into industries such as aerospace, automobiles, cement, and other environmentally damaging companies, such as Airbus, Daimler or Peugeot.<\/li><\/ul>\n\n<p>Read the <a href=\"https:\/\/www.greenpeace.org\/static\/planet4-eu-unit-stateless\/2020\/06\/20200603-Report-ECB-coronavirus-bond-purchasing-bankrolls-fossil-fuels.pdf\">full analysis<\/a> by Greenpeace Central and Eastern Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenpeace analysis: ECB corporate bond purchases during the coronavirus pandemic.<\/p>\n","protected":false},"author":10,"featured_media":3948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"not set","p4_local_project":"not set","p4_basket_name":"not set","p4_department":"","footnotes":""},"categories":[2],"tags":[22,29],"p4-page-type":[20],"class_list":["post-3942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-energy","tag-climatechange","tag-fossilfuels","p4-page-type-report"],"_links":{"self":[{"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/posts\/3942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/comments?post=3942"}],"version-history":[{"count":6,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/posts\/3942\/revisions"}],"predecessor-version":[{"id":3951,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/posts\/3942\/revisions\/3951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/media\/3948"}],"wp:attachment":[{"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/media?parent=3942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/categories?post=3942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/tags?post=3942"},{"taxonomy":"p4-page-type","embeddable":true,"href":"https:\/\/www.greenpeace.org\/eu-unit\/wp-json\/wp\/v2\/p4-page-type?post=3942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}