Although the world’s largest steel company, ArcelorMittal continues to receive support by international public finance. Neither does its chequered social and environmental record seem to change the public bank’s proclivity for this specific borrower.
New ban on cyanide mining in Hungary gives hope across the region
December 22, 2009 | Read more
A ban on all cyanide-based mining technologies on Hungarian territory that was passed by 356 votes in favour to one vote against in Hungary’s parliament earlier this month has strengthened hopes of other national bans – even a Europe-wide ban – ahead of the tenth anniversary of the Baia Mare disaster next month.
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.
