International banks fuelling a hydropower tsunami that’s decimating pristine Balkan rivers – study
March 16, 2018
Radolfzell, Vienna, Prague – Multilateral development banks have supported no fewer than 82 hydropower projects across southeast Europe, including in protected areas, according to a study by CEE Bankwatch Network released today.
Dirty fuel, dirty money
September 1, 2015
Despite their pledges to fight climate change, banks are still investing in fossil fuel extraction Imagine the scenario. You are a committed eco-warrior. You save water, turn off your lights, cycle or use public transport whenever possible; you boycott companies and products that harm the environment; you’ve even cut down drastically on meat and dairy products, all to do your bit for the planet. Then one day you discover that, against your knowledge, you are directly funding climate change. How on earth could that be, you might be forgiven for asking?
European banks slammed for backing coal industry
November 14, 2013
‘Banking on Coal – Undermining our Climate’ will be released on Friday during the UN Climate Summit at Warsaw Two Polish private banks – Bank Gospodarstwa Krajowego and PKO Bank Polski – have been identified to be on the dirty list of banks that are heating up the globe, damaging the environment and hurting local communities, a new report says.
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.
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.
Deja vu for Vienna II – a sustainable recovery is needed for the CEE financial sector
January 16, 2012
As pressures mount on western European banks to shore up capital ratios and with 2012 economic growth forecasts for Europe falling close to zero, officials from the European Central Bank, the European Commission, and several international financial institutions (IFIs) are meeting today in Vienna with regulators from CEE countries to discuss a second round of financial support for a fragile CEE banking sector.
