EU emissions pledge could be undermined by bank’s investments in oil,gas and auto industries, current analysis showsThe European Central Bank’s (ECB) quantitative easing programme is systematically investing billions of euros in the oil, or gas and auto industries,according to a current analysis.
The ECB has already purchased €46bn (£39bn) of corporate bonds since final June in a bid to boost flagging eurozone growth rates, a figure that some analysts expect to rise to €125bn by next September. On Thursday the bank said it would extend the scheme until 2018.
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Source: theguardian.com