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.
Prague - In a landmark decision today, the Czech Republic reversed a quarter century-old ban that prohibited the expansion of surface mining in an area of Northern Bohemia, allowing excavation in close vicinity of homes of more than 120 000 people.
Journalist and researcher Ryskeldi Satke reports on Centerra Gold’s annual general meeting where mining activists presented shareholders with information on human rights violations and the negative environmental and social impacts of the Kumtor Gold mine.
Montenegro's government is pushing hard for the construction of a new unit at the Pljevlja lignite-fired power plant. NGOs are encouraging the major shareholder company to not give in to this pressure, writes Jelena Marojević Galić from Green Home.
Protests against a new Kronospan formaldehyde plant in the Romanian town of Sebes continue into their third week. Their history dates more than ten years back when the company came to modernise the local plant with financing from the European Bank for Reconstruction and Development. The ongoing demands for breathable air cast a shadow over the EBRD’s promises of sustainable development and transition.
Labelled the €1.3 trillion investment offensive, more than 2000 projects have been identified by the European Commission’s new Task Force on Investment (made up of representatives of the EC, EIB and member states) for fast-tracked financing from President Juncker’s recently announced €315 billion stimulus plan.
As you're gearing up for the festive season, spare a thought for the long-suffering folks in Pljevlja, Montenegro, and Zenica in Bosnia and Herzegovina, who are fighting against serious pollution of air soil, and water.
Herders in the Mongolian Gobi Altai mountains are facing pollution and displacement by an iron ore mine. The mining company Altain Khuder responds to criticism with intimidation. The financier, the European Bank for Reconstruction and Development, is not doing enough to protect herders’ rights.