EBRD investments in Mongolia’s mining sector
Publication | 19 September, 2012International mining companies and financial institutions want to help transform Mongolia into a modern mining nation. To realise this plan they are banking on the vast coal, copper and gold deposits in the Gobi desert. This paper examines the environmental and social risks connected to this approach and offers suggestions for the EBRD’s engagement in the country. Read more on our blog
Read moreComments on the EBRD’s draft country strategy for Estonia
Publication | 19 September, 2012The comments, prepared by Estonian Green Movement/Friends of the Earth Estonia, focus on EBRD financing in the energy sector.
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The EBRD in Mongolia: Economic diversity is something else
Blog entry | 18 September, 2012Investment data for Mongolia illustrates that without improving the European Bank for Reconstruction and Development’s plans for the mining sector, the bank may add to the dependence on raw materials exports in resource rich countries.
Read moreThe conflict of mining and water resources in Kyrgyzstan
Publication | 18 September, 2012Kyrgyzstan is a mountainous country rich in water and natural resources. It hosts one of the Earth’s most important ecological regions with unique ecosystems and biodiversity and is considered the “water tower” of Central Asia due to its Tien Shan glacier reserves. At the same time, mining operations and the mismanagement of natural resources are increasing the threats posed by climate change and pollution.
Read moreEBRD should not invest in Polish energy company suspected of corruption, say European NGOs
Press release | 17 September, 2012Warsaw – The European Bank for Reconstruction and Development is considering participating in a EUR 772 million loan for a subsidiary of major Polish energy group ENEA, whose management is currently being investigated by authorities because of alleged irregularities in management and misuse of public funds.
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Another case of alleged corruption in a CEE energy company
Blog entry | 17 September, 2012Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks.
Read moreLetter to EBRD: Potential ENEA loan is connected to corruption allegations and a coal power plant
Publication | 13 September, 2012The letter describes the controversies connected to a potential EBRD loan to Polish energy company ENEA. (Find more information on our blog.)
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Money lost, safety postponed: On the mismanagement in Ukraine’s energy sector
Blog entry | 23 August, 2012A recent audit showed that Ukraine lacks good management at least as much as finances to reform its energy sector. EU money is meanwhile siding with a tainted company.
Read moreBankwatch letter to EBRD on the transparency of the mining strategy review process
Publication | 3 August, 2012Following up on a meeting between the EBRD President Sir Suma Chakrabarti and civil society groups monitoring the bank taking place July 23 in London, Bankwatch sent the new EBRD president a letter outlining civil society organisations’ concerns over the lack of transparency of the mining strategy review process as well as some recommendations for improving this situation.
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Spot the difference: Alstom in Indonesia and Slovenia
Blog entry | 31 July, 2012The company hired to build a new unit at the Sostanj lignite power plant is involved in strikingly similar corruption cases across continents.
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