At 60, EU public bank needs fundamental reform – civil society groups
Press release | 18 June, 2018The European Investment Bank (EIB) needs to end its investment in fossil fuels and boost support for sustainable energy, reinforce its public accountability, and prioritise human rights, a group of 21 European NGOs write in a letter to EU finance ministers.
Read moreEuropean Ombudsman requests more lending transparency from European Investment Bank
Press release | 24 May, 2018Brussels — The European Ombudsman has asked the European Investment Bank (EIB) to increase transparency in its lending activities.
Read moreLeaving Paris, the European Investment Bank steps on the gas
Blog entry | 12 February, 2018Distancing itself from the EU’s climate commitments enshrined in the Paris Agreement, the European Investment Bank has effectively taken a U-turn in its energy lending last week when it approved a record loan for the Trans Adriatic Pipeline.
Read moreGuest post: One beast with many heads – a hydropower hydra in the Balkans
Blog entry | 21 December, 2017A visit to six mountain rivers and nine small dams in Macedonia exposed similar problems with many of them.
Read moreEuropean-financed small hydropower plants damaging pristine Balkan landscapes – study
Press release | 20 December, 2017Eight hydropower projects in Albania, Croatia and Macedonia financed with European public money have damaged biodiversity and are in urgent need of increased monitoring and restoration measures.
Read moreEUR 1.5 billion public loan for controversial pipeline withheld
Press release | 12 December, 2017Today, at a board meeting in Luxembourg the European Investment Bank has decided, for now, to postpone loaning 1.5 billion euros to the controversial Trans-Adriatic Pipeline.
Read morePrice tag of Georgia’s Nenskra dam goes through the roof
Blog entry | 4 December, 2017New information reveals the disproportionate price that Georgia’s government guarantees to pay for electricity from the Nenskra dam. The increasingly unfavourable economics strengthen calls to finally make the project’s contract publicly available.
Read moreBetween TAP and a hard place – Albanian farmers receive peanuts after losing land and livelihoods to gas pipeline
Blog entry | 30 November, 2017Interviews in Albania revealed a barrage of complaints about how the Trans-Adriatic Pipeline has been treating farmers affected by the mega gas project that may soon receive a record loan from the European Investment Bank.
Read moreEurope’s murky Eastern energy deals
Blog entry | 24 November, 2017Millions of euros in public money are being invested in large infrastructure projects in the EU’s eastern neighbours in total disregard for Europe’s climate goals, and local communities, writes Manana Kochladze.
Read moreDéjà 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.
Read more