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UPDATED: New documents on European Investment Bank loans to Volkswagen

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.


9 reasons why the EU's bank is no climate leader

In the run-up to, during and now, with a global deal reached, after the Paris climate summit, the world’s largest public lender, the European Investment Bank (EIB), is positioning itself as a climate pioneer. But is the bank really fit for this role? Can the EIB make a break from its history of financing fossil fuels and polluting forms of transportation after decades of cosy relations with the biggest culprits?

NGO letter to EU institutions: Take immediate action to respond to the dieselgate scandal

The dieselgate scandal is symptomatic of a ‘better regulation’ agenda in favour of cutting compliance costs and replacing the role of the public regulator with corporate co- and self-regulation. More than 35 civil society organisations have signed this letter calling for immediate and transparent investigations; EU oversight in the process of type approval for motor vehicles; strengthened enforcement of environmental legislation at EU and Member State level; the suspension of fraudulent companies from the EU lobby register until it has been demonstrated that they comply with EU law.

Environmental organisations deplore 'lost year' for environmental protection

Brussels, November 2 – One year since the entry into office of the current European Commission headed by Jean-Claude Juncker, environmental groups have criticised the EU executive for a paralysis in policymaking on issues related to the environment.

Up in smoke: the billions for Europe's auto industry from the EU's house bank

In the wake of last month’s Volkswagen (VW) emissions scandal, a Politico story, based on a Bankwatch analysis, revealed that the car manufacturer enjoyed generous public financial support from the European Investment Bank (EIB). But the full picture is even more disturbing.


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