Comments 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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Nenskra HPP: the concerns of worried locals fall on deaf ears of project developers
Blog entry | 12 October, 2017In an interview, a teacher from Chuberi in the Svaneti mountains gave us an impression of how the project developers of the planned Nenskra dam engage with locals.
Read moreMHP: ‘Business as usual’ while communities suffer
Publication | 29 September, 2017The massive loans by public banks for Ukraine’s monopolist poultry producer MHP have not brought the company’s performance and culture in line with the relevant EU and EBRD standards. Rural communities say that if it continues with ‘business as usual’, they face more violence and suppression.
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Fossil fuel subsidies by European public banks are underwriting climate change
Blog entry | 28 September, 2017European public banks who have repeatedly voiced their commitment to tackling the climate crisis and ‘greening’ their investment portfolios continue to dole out cash for fossil fuels extraction, distribution and consumption.
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