Bankwatch blog

The writings on the European Parliament's wall: Make the EIB choose a brighter future

May 15, 2012

Ahead of the European Investment Bank's annual meeting, Counter Balance and Bankwatch have chosen an unconventional way to remind the EIB shareholders of the bank's chequered track record.

austerity, EIB, euro crisis, growth, public action, sustainability, video
EIB
Energy & climate, Social & economic impacts
The medium-sized EIB bazooka - Europe's people and environment must benefit this time around

May 11, 2012

As it begins to dawn on Europe's elite that fiscal austerity is not working after all, the European Investment Bank is once again the talk of the EU as decision-makers scramble to stimulate national economies that are hemhorraging jobs and living standards - and hope - across the continent.

austerity, credit crunch, EIB, euro crisis, eurozone
EIB
Social & economic impacts
Chernobyl at 26: nuclear dynamite is growing in Ukraine

April 26, 2012

26 years ago, the days after the nuclear accident in Chernobyl had been marked by the glaring lack of information. Today, Europe's population is similarly clueless as back then about the nuclear risk brewing in Ukraine.

anniversary, Chernobyl, energy grab, Euratom, nuclear, transparency
EBRD
Energy & climate
Europe's energy games are not child's play

April 23, 2012

A new campaign video illustrates Europe's self-absorbed approach to its energy policy outside Europe. (A blog entry Cross-posted from the Counter Balance blog.)

climate, coal, development, energy grab, oil, resource, video, human rights, energy security, EU
EIB
Energy & climate, Social & economic impacts, Other harmful projects
Poland's anti-climate gamble continued

April 18, 2012

Poland's application for free emission allowances is a disgrace to European climate goals. If granted, the country's fossil fuel centred plans would mean a step back for Europe's plans to decarbonise its energy sector.

carbon market, climate goals, coal, derogation, ETS, Poland, fossil fuels
EIB
Energy & climate
Suspension or no suspension, the EBRD freezes disbursements for the Šoštanj lignite power plant

April 18, 2012

With the decision to freeze the disbursement of a loan for the Šoštanj lignite power plant in Slovenia, the European Bank for Reconstruction and Development seemingly reacts to the many controversial points Bankwatch and other organisations have raised about the project.

coal, corruption, Sostanj, TES6, fossil fuels, success
EBRD, EIB
Energy & climate
Khimki Forest activist wins Goldman Environmental Prize

April 16, 2012

One of this year's winners of the Goldman Environmental Prize is Russian Khimki Forest defender Evgenia Chirikova, but the good news is being overshadowed by continued violence against other Khimki activists.

activism, corruption, forest, Goldman, prize, road, Vinci, human rights, PPP, success
EBRD, EIB
Transport, Social & economic impacts
Campaign asks UniCredit to 'get out of coal'

April 12, 2012

Pressure is growing not only on international financial institutions but also on private banks to stop financing fossil fuels.

accountability, banks, campaign, coal, petition, Slovenia, UniCredit, fossil fuels
EBRD, EIB
Energy & climate
Yet another bail-out package? A comeback to 'The Vienna Initiative and financial stability in emerging Europe'

March 30, 2012

The European Bank for Reconstruction and Development promotes the support for western European banks in central and eastern Europe although evidence for this initiative's success is disputable at best.

bail-out, banks, credit crunch, crisis, economics, financial intermediaries, global loans, SMEs
EBRD
Social & economic impacts
Mining in protected areas, an update on Kumtor and Centerra Gold

March 28, 2012

Centerra Gold is being criticised for its activities in protected areas at the Kumtor gold mine and at another project in Mongolia. More lessons to be learnt for the European Bank for Reconstruction and Development.

biodiversity, Centerra, gold, Kumtor, natural resources, protected areas, extractive industries, mining
EBRD
Social & economic impacts, Other harmful projects

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