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EBRD annual meeting

If the EBRD stands for democracy it should not support TAP - Italian community addresses bank's directors

At a meeting with the directors of the European Bank for Reconstruction and Development, Bankwatch campaigners read a statement from Italian communities opposing the Trans-Adriatic Pipeline, the last leg of the Southern Gas Corridor, a 3500km pipeline intended to bring gas from Azerbaijan to Europe.

We reproduce the powerful statement here.


Balkan lynx stage protest at annual meeting of European Bank for Reconstruction and Development

A delegation of 20 lynx from Mavrovo National Park in Macedonia today occupied a corridor in the Polish National Stadium in Warsaw, where the EBRD Annual General Meetings are taking place 14-15 May.

Their message: "EBRD, don't finance the Boskov Most dam, as it will destroy the forest in which we live and eventually kill us." The 20 delegates from Mavrovo Park constitute almost half of the little over 50 lynxes which still survive in the park today (the Balkan lynx is an endangered species).


Funny business at EBRD meeting: sustainability champion Garanti fancies coal

The Turkish Garanti Bank, one of the winners of the Sustainability Awards of the European Bank for Reconstruction and Development is among the main coal investors in Turkey.


Does European financing facilitate the implementation of the Espoo convention in nuclear-energy related activities? Experience from Ukraine.

Public finance can play a role in ensuring nuclear safety and the transparency and accountability of government decisions related to nuclear energy by encouraging governments to fully apply Espoo procedures at earlier stages of the programme or plan and to provide more information about loan conditionalities. However, only a limited positive effect has been seen in Ukraine due in part to a lack of transparency by the financial institutions and to the selective application of convention requirements.

The village of Junkovac near the Kolubara mine - neglected and destroyed

The story of Junkovac in Serbia highlights systemic violations of human rights, neglect and wrong doings in the lignite mining sector that have not changed since the involvement of the European Bank for Reconstruction and Development began in 2000. One of most recent cases of violations of human and property rights involves the illegal dumping of overburden from the mines at the Junkovac site that for years has been a threat to the properties and lives of hundreds of people in the nearby village.

More for pigs than people: experience with Danosha's expansion in Ukraine

In 2013 the EBRD approved a loan of EUR 35 million to Danosha, a Ukrainian industrial pig farming company. Categorised as ‘B’ by the bank, the project didn't require an Environmental Impact Assessment or public participation. Yet experience shows that Danosha’s activities are associated with adverse environmental and social impacts, and the situation has been worsened by the fact that the company does not publish any information about its impacts on the environment, public health and safety at its farms.

The hydropower plant Boskov Most, Macedonia

In November 2011 the European Bank for Reconstruction and Development approved a EUR 65 million credit to ELEM, a Macedonian state-owned company for the construction and management of the hydro power plant “Boskov Most”. Around 80% of the project falls into the territory of the “Mavrovo” National Park.

Dariali hydropower plant project, Georgia

The Georgian company JSC Dariali Energy has requested a loan of up to USD 80 million from the EBRD for the 108 MW Dariali hydropower (HPP) project. The project involves the construction of a derivation-type HPP on the Tergi river in the municipality of Kazbegi. The project will divert water from the town of Stepatsminda towards the powerhouse close to the border with Russia, leaving eight kilometres of river without a sufficient amount of water.

The Shuakhevi hydropower plant project, Georgia

The European Bank for Reconstruction and Development has approved a loan of up to USD 86.5 million for Adjaristsqali Georgia LLC (AGL), a subsidiary of the Norwegian Clean Energy Invest for the construction of the 185 MW Shuakhevi hydropower plant (HPP). The project involves the construction of two dams and three diversion tunnels. Bankwatch member group Green Alternative has concerns about the possible negative impacts of the Shuakhevi HPP and the overall justification for the project, both explained in this briefing.

Divesting from coal is not ideology but climate science - a reminder for the EBRD

The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch's EBRD campaign team to react.


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