Bankwatch

Archives for Europe’s East

Today we’re relieved in Zagreb as one energy project that could have had a destructive impact on Croatia’s future has lost its financing and thus its chances of going ahead are drastically reduced: I’m speaking about the infamous Ombla dam, a project for an underground hydropower plant that would have practically destroyed a protected area… » read more

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The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch’s EBRD campaign team to react. posted on the Bankwatch blog by Fidanka Bacheva-McGrath, Bankwatch EBRD campaign coordinator At about the same time as scientists declared an unprecedented and increasingly dangerous CO2 concentration in the earth’s… » read more

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The European Parliament yesterday chastised the European Bank for Reconstruction and Development for its explicit interest in financing a new lignite-fired power plant in Kosovo. NGOs hope the bank will pay more attention to the Parliament than it did to civil society and energy experts so far. posted on the Bankwatch blog by Ionut Apostol,… » read more

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The news circulated yesterday that Mikhail Beketov, a Russian journalist who campaigned against corrupt practices in connection to the planned highway construction through Khimki Forest, has died. This guest post by Mikhail Matveev and Ivan Smirnov, fellow Khimki activists, tells Beketov’s story. posted on the Bankwatch blog by Mikhail Matveev and Ivan Smirnov, Khimki forest… » read more

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Responses to the EBRD’s justification for financing nuclear lifetime extensions In an unprecedented effort to defend its support for Ukraine’s nuclear programme the EBRD publicly replies to some of our objections. Several colleagues sent us their (sometimes outraged) rebuttals, which we include here in our rejoinder to the bank’s arguments. posted on the Bankwatch blog… » read more

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A Bankwatch competition for ideas for EU funds investments that benefit the sustainable development of European communities could offer inspiration for EU and national decision makers. At the final award ceremony in Brussels, the winners told us about their ideas and how EU funding could benefit their countries. Posted on the Bankwatch blog by Patrycja… » read more

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A potential cooperation between the European Bank for Reconstruction and Development and the agro-corporation Monsanto has thankfully not come to fruition. The case highlights the difficulties for a large development bank to reach farmers on the ground. posted on the Bankwatch blog by Pippa Gallop, Bankwatch’s research coordinator You may remember that in November 2012… » read more

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The EU budget summit, the much-anticipated showdown featuring Europe’s 27 member states, the European Parliament, the European Commission and European Council president Herman van Rompuy over how much EU funding – and for what – is to be spent in the 2014-20 budgetary period, is now on. And all the talk is of what exactly… » read more

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Continued debates about a reduction of the future EU budget jeopardise the potential of using EU funds for energy efficiency and renewables investments to provide necessary economic stimulus and climate mitigation. How much money is needed to create 62 300 jobs and how much to save 523 megatonnes of CO2 emissions annually? Yesterday’s General Affairs… » read more

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Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks. We have seen a number of cases recently, where clients of the European Investment Bank and the European Bank for Reconstruction and Development have allegedly been involved in serious cases of corruption. (See for… » read more

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