The worst company of the year – Vote for Alstom in the People’s Public Eye Awards 2013
Blog entry | 8 January, 2013Alstom, the constructor for the Sostanj lignite power plant might just be the worst company of the year. You can vote for Alstom in the Public Eye Awards until January 23.
Read moreALSTOM nominated for “Prestigious” Public Eye Awards
Press release | 7 January, 2013The French energy and transport conglomerate Alstom is one of the seven finalists for the People’s Public Eye Awards 2013. The nomination is a result of information submitted by NGOs Focus Slovenia, SHERPA France and CEE Bankwatch Network, in which dubious business practices of the company across the world are highlighted — often linked to proven corruption or corruption allegations surrounding the awarding of contracts.
Read moreThe newest EBRD member, Kosovo, does not need new coal
Press release | 22 December, 2012Pristina – As Kosovo becomes the newest member of the European Bank for Reconstruction and Development today, civil society groups in the country tell the bank that it should exclude from the start any investments in coal and that it could have an enormous positive impact by supporting energy efficiency measures.
Read moreNew report shows World Bank tough talk on climate is just a mirage in Mongolia’s Gobi desert
Press release | 14 December, 2012Ulaanbaatar, Mongolia – Just one week after its grim warning during the UN climate talks in Doha that the world is on a path towards a four degree-rise in global temperatures, the World Bank is set to approve financing for yet another coal plant. The plant will power a giant mining complex in Mongolia’s South Gobi desert, fuelling climate change and violating the Bank’s own policies, argues a new analysis from advocacy groups.
Read moreFinancial alchemy in Slovenia’s energy sector still results in lignite, not gold
Blog entry | 11 December, 2012Even with the latest investment plan for unit 6 at the Sostanj lignite power plant (TES 6), the project’s economics are (surprise, surprise) still distinctly shaky as an independent analysis shows. Nonetheless, the project looks ever more likely to get a state guarantee from the Slovene government.
Read morePublic action in Ukraine: Reminding the EBRD of the meaning of nuclear safety
Blog entry | 7 December, 2012A protest action held today in front of the EBRD office in Kiev by Greenpeace and Bankwatch highlighted the dangers of Ukraine’s plans to prolong the operations of its 15 nuclear reactors. The groups called on the European Bank for Reconstruction and Development (EBRD) to take safety more seriously than Ukrainian authorities and invest in decommissioning rather than lifetime extensions.
Read moreDirty coal gets closer to receiving almost half a billion euros from EU taxpayers
Press release | 3 December, 2012The European Investment Bank (EIB) is gearing up to pay 440 million euros to a new 600 MW lignite plant in Slovenia at a time when calls for an end to subsidies for fossil fuels are intensifying all over the world.
Read moreDoing more than just spotting the elephant: a new resource for campaigning on China, dams and finance
Blog entry | 27 November, 2012China has risen to become a major player in the dam building business these days, dominating the world market and appearing ever more frequently around these parts in central and eastern Europe (along with counterparts in other areas of the energy sector, notably coal – more about this on the blog in the coming weeks).
Read moreMonsanto Should Not Expand Relying on Public Money
Press release | 19 November, 2012London — Monsanto, the world’s largest seed producer and one of the most prominent promoters of GMO crops worldwide, is set to receive 40 million US dollars of public financial support via the European Bank for Reconstruction and Development.
Read moreEuropean public development money for Monsanto? Whatever next?!
Blog entry | 14 November, 2012The European Bank for Reconstruction and Development considers supporting one of the most criticised and controversial corporations on the planet, Monsanto. Reasons for deciding against it are plenty.
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