Change the lending, not the climate
December 2, 2009 | Read more
Bankwatch’s new report on the EIB’s fossil-heavy energy lending between 2002 and 2008 comes one week before the crunch global climate talks in Copenhagen, in preparation for which the international financial institutions have been flexing their rhetorical muscles.
On 31 August 2009 the inhabitants of the Gazela informal settlement in Belgrade were resettled to temporary accommodation at four sites outside of Belgrade. After a visit conducted by partner group CEKOR in September which found a number of important issues needing to be addressed, Bankwatch carried out a follow-up fact-finding mission on 6-8 October 2009.
The unprecedented economic crisis has the potential to provide a significant boost to the environment. Today, investing in a green economy and green jobs is seen as one of the top priorities for moving beyond the crisis. This unique window of political opportunity for the promotion of green investments should not be missed – and how European public money is to be used to get us out of these economic straits is on the line next week.
EBRD says NO to Vlora hydrocarbons terminal
July 21, 2008 | Read more
The European Bank for Reconstruction and Development is no longer considering financing for a controversial hydrocarbons terminal in Vlora, Albania.
The Civic Alliance for the Protection of the Vlora Bay, a local Albanian initiative group, continued on Sunday to press for a referendum on an oil deposit and a thermo-power plant being constructed north of the town of Vlora on Albania’s Adriatic coast.
Close to 3000 residents of Vlora, an Albanian city on the Adriatic coast, greeted the visit of representatives of the World Banks Inspection Panel with a clear plea – end World Bank credits for the EUR 110m thermal power plant that is part of a huge energy park development threatening the sensitive Vlora bay.
