Bankwatch

Archives for Corporate Europe

A new Bankwatch study reveals a worrying track record of criminal and corrupt activities among the companies that are building Europe’s flagship gas pipeline project, the Southern Gas Corridor. by Sven Haertig-Tokarz, cross-posted from the Bankwatch blog. The Southern Gas Corridor, a 3,500 kilometre system of pipelines meant to bring gas from Azerbaijan into Europe,… » read more

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Documents obtained by Bankwatch provide more details for a European Investment Bank statement that its loans to Volkswagen may have been connected to the car makers use of cheating devices to rig emission tests. by Anna Roggenbuck, cross-posted from the Bankwatch blog. With each passing day since Bankwatch revealed the European Investment Bank’s massive support… » read more

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Something quite amazing happened yesterday evening in Zagreb. The Croatian police and the State Prosecutor announced that several people had been arrested on suspicion of a number of criminal corruption offences, abuse of office and peddling influence. Among the arrested were Zagreb Mayor Milan Bandic, Head of Zagreb Holding municipal company Slobodan Ljubicic, the head… » read more

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A new report shows how private western-based companies are benefiting from multilateral development banks’ support while governments and citizens in recipient countries are delegated to the sidelines. by Claudia Ciobanu, cross-posted from the Bankwatch blog The European Network on Debt and Development (Eurodad) launched today the study A Private Affair in which it shows how… » read more

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Monday morning in Warsaw, climate activists staged a public action in front of the Polish Ministry of Economy – the venue for the greenwashing Coal and Climate Summit – to voice their outrage and reiterate a simple reality: there is no such thing as clean coal. Organizations involved in the action included Polish Youth Climate… » read more

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A promotional video for an upcoming climate protest in Warsaw draws attention to the negative influence that coal has on our health and that coal businesses will have on the global climate negotiations. by Sven Haertig-Tokarz, cross-posted from the Bankwatch blog With the COP19/CMP9 around the corner, this year’s host of the event, the Polish… » read more

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As the European Bank for Reconstruction and Development revises its safeguard policies, the Aid Transparency Index ranks its commitment to openness and transparency as the weakest in comparison with similar institutions. by Fidanka Bacheva-McGrath, cross-posted from the Bankwatch blog The 2013 Aid Transparency Index came out last week and confirmed my suspicion that the EBRD… » read more

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“Poland will continue to back coal (…) The future of Polish energy is in brown and black coal, as well as shale gas,” said on Tuesday Polish Prime Minister Donald Tusk, speaking at an event of the extractive industry. cross-posted from the Bankwatch blog This is, of course, the same Donald Tusk that will host… » read more

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by Kuba Gogolewski, cross-posted from the Bankwatch blog On Monday Polish NGOs Client Earth, Workshop for all Beings, Greenpeace, WWF and local community group Eco-Kociewie petitioned the General Director of Environmental Protection to cancel the environmental impact assessment permit for the Polnoc Power Plant in northern Poland. At a whopping 2 gigawatts, the Polnoc plant… » read more

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Despite collecting impressive evidence from 20 years of failed public-private partnerships in central and eastern Europe, an EBRD-financed study by the Economist Intelligence Unit concludes to continue using the controversial financing scheme. by Pippa Gallop, cross-posted from the Bankwatch blog A few days ago I did a double-take when the EBRD sent out a press… » read more

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