Communities in Chuberi and Nakra, Georgia, address financiers of Nenskra hydropower plant
Publication | 23 November, 2017In this letter, communities affected by the Nenskra hydropower plant in Georgia, explain the project promoter’s inadequate engagement with locals and ask the international financial institutions to stop considering financing the project. More than 100
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A growing menace in Ukraine as proposed loan to agribusiness giant adds to conflict
Blog entry | 21 November, 2017The European Bank for Reconstruction and Development will decide next week on another loan of USD 25 million for Myronivsky Hliboproduct (MHP), in spite of repeated attempts by locals to reign in the impacts wrought by MHP.
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Bulgarian gold in offshore paradise linked to European public lender
Blog entry | 21 November, 2017The profits of the richest Bulgarian gold mine are “optimised” through several Caribbean offshore companies and a Dutch cooperative. The European Bank for Reconstruction and Development is one of the shareholders.
Read moreComments on the EBRD’s draft Extractive Mining Industries Strategy for 2018-2022
Publication | 20 November, 2017Bankwatch’s comments focus on the following areas: Sustainability and the Circular Economy, Transparency Standards, Human Rights, Coal Mining and Climate, Diversification, Resilience and Integration. See also our comments on Thermal and coking coal in
Read moreThermal and coking coal in the EBRD’s draft Mining Strategy
Publication | 20 November, 2017In its new draft mining strategy, the European Bank for Reconstruction and Development demonstrates that it is still ready to finance coal mining.
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Déjà vu in biodiversity: public banks pitted against international wildlife convention
Blog entry | 15 November, 2017Europe’s wildlife guardian has sent a warning to Georgia over changes to a protected area in the Caucasus mountains. International lenders are interested in financing hydro developments in the region.
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Kill the funding. Kill the pipeline.
Blog entry | 1 November, 2017The anti fossil fuels movement 350.org calls for cutting off the funding to new gas infrastructure for Europe – namely for the ‘carbon bomb’ that is the Southern Gas Corridor.
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The great gas lock-in – industry lobbying is behind the EU push for new gas infrastructure
Blog entry | 31 October, 2017A new report from Corporate Europe Observatory shows why the fire-power of the gas industry makes it a powerful and effective lobbying force in Brussels and national capitals. Meanwhile, public interest groups have a fraction of the resources and access.
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Green Climate Fund’s preference for big players weakens transparency
Blog entry | 31 October, 2017The 18th meeting of the Green Climate Fund in the beginning of October confirmed again that big institutions are getting the biggest share of finances. This time it was the European Bank for Reconstruction and Development who left its mark.
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Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change
Press release | 18 October, 2017A USD 500 million loan approved today by the European Bank for Reconstruction and Development for the construction of the Trans Anatolian Pipeline is set to benefit, among others, state-owned companies in Azerbaijan and Turkey.
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