For several years, and even more today in the context of the Covid-19 crisis, the European Central Bank massively uses quantitative easing to fulfill its missions. With the Eurosystem banks, it held 2783 billion euros in assets at the end of March 2020 and plans on buying 1700 billion in 2020-2021.

These billions should go to the construction of a resilient, united and sustainable Europe. However, available information shows that the ECB’s corporate asset purchases massively finances the most polluting sectors. Beyond the automobile or air sector, fossil fuels – and even the most harmful ones like coal and shale oil and gas – largely benefit from these purchases.