The EIB is a multi-state investment bank, owned by the European Union and carrying out the investment aims of the EU -- all of which are therefore political acts, based on political decisions.

The decision to prioritise renewable and efficient energy follows a policy promise by the incoming European commission president, Ursula von der Leyen, to turn the EIB into a “climate bank”, unlocking a potential €1tn in funds to help move Europe’s economy toward cleaner energy.

PayPal is a private company providing (in the EU at least) retail banking services to businesses and individuals.