Amendments tabled by the Patriots for Europe (PfE) Group on 1 July 2026 would fundamentally reorient the European Investment Bank's strategic priorities, warning against the disproportionate allocation of funds to climate and calling for the bank to become a key player in defence financing. The two amendments, proposed by MEPs Angéline Furet and Tomasz Buczek, target the draft report on the EIB Group's financial activities for 2025, authored by rapporteur Joachim Streit. They represent a sharp critique of the current balance between climate and defence spending, with the PfE Group arguing that climate investments have received a disproportionate share of EIB financing to the detriment of other pressing needs, particularly defence. Amendment 14 replaces the original text's positive endorsement of climate and environmental investments with a warning against their perceived over-prioritisation, implicitly challenging the current 60% allocation to the low-carbon transition. Amendment 15 elevates the EIB's role in defence from a supportive actor to a central, leading institution, demanding a more ambitious engagement beyond the current Action Plan. The amendments are proposed at the committee stage and have not yet been voted on; they will be examined and put to a vote in the relevant committee before any potential plenary consideration. If adopted, the changes would have significant implications for EU climate financing and defence spending, potentially reducing EIB support for green projects while expanding its role in security-related investments.
This would impact EU climate goals, defence industries, and the bank's overall strategic direction. The European Parliament's plenary is expected to vote on the final report later in the year, after which it would become Parliament's position for dialogue with the EIB and the Council.