Bankwatch

Archives for EIB

Adequate decision making on energy policies must be based on accurate information and cannot rely on outdated knowledge and misconceptions. A new series of fact sheets explores the myths and facts of Europe’s energy sector. by Sven Haertig-Tokarz, cross-posted from the Bankwatch blog Energy is an important issue cutting across some of the big problems… » read more

Posted by Bankwatch

The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements. by Xavier Sol, cross-posted from the Counter Balance blog “The European Investment Bank is not a development bank, it is an… » read more

Posted by Bankwatch

It may have been easy in the past for Europeans to bash the US for being retrograde when it comes to climate policies, but after last week it will get more difficult to do that. by Anna Roggenbuck, cross-posted from the Bankwatch blog Just as the world is abuzz with Obama’s new climate pledges, below… » read more

Posted by Bankwatch

A roundtable discussion on European public banks and energy lending brought together Members of the European Parliament and non-governmental organisations, while the public banks themselves chose to stay away. Posted by Berber Verpoest, Media officer for the Counter Balance coalition. (Cross-posted and slightly edited version from the Counter Balance blog.) “It’s your energy” goes the… » read more

Posted by Bankwatch

Disappointed by loan disbursements to one of the dirtiest coal projects in Europe, almost 100 organisations have called on two public lenders to not repeat the same mistakes, ever. Guest post on the Bankwatch blog by Barbara Kvac, Climate campaigner for Focus, Slovenia In the beginning of March, the European Investment Bank and the European… » read more

Posted by Bankwatch

Following a fake press release in which the EIB ‘announced’ its divestment from coal, activists struck again the next day during the bank’s annual press conference. EIB President Werner Hoyer received the 2013 ‘World Coal Down’ award on behalf of all EU citizens. Unfortunately he had to put an end to the rumours of the… » read more

Posted by Bankwatch

A meeting of civil society and the European Investment Bank’s Board of Directors saw a surprising degree of agreement between two often adverse groups. posted on the Bankwatch blog by Anna Roggenbuck, EIB campaign coordinator This week saw the second ever meeting between the European Investment Bank’s Board of Directors and civil society representatives. It… » read more

Posted by Bankwatch

In an unambiguous letter Members of the European Parliament have reminded the European Investment Bank of the economic and environmental risks that the Sostanj lignite power plant project poses for Europe and Slovenia. posted on the Bankwatch blog by Anelia Stefanova, Bankwatch Campaigns Director Members of the European Parliament have called upon the European Investment… » read more

Posted by Bankwatch

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

Posted by Bankwatch

Remember this game kids used to play in which you had to find differences between two very similar pictures? I was reminded of it few days ago, when reading news about the latest corruption scandal involving Alstom at a coal plant in Indonesia. A few days ago, the Indonesian Corruption Eradication Commission announced that opposition… » read more

Posted by Bankwatch