State Capture: A case study about natural gas exploitation and transportation in Romania
Publication | 17 October, 2019At a time when public calls for tackling the causes of the climate crisis are growing, Romania’s gas industry has been expanding, courtesy of the Parliament and international financial institutions. This report, by Bankwatch Romania, finds that much of
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Decision on a fossil fuels ban at the EIB postponed once more
Press release | 15 October, 2019Today the European Investment Bank (EIB) decided to again, postpone the long overdue adoption of a new Energy Lending Policy. This delay is mostly due to tensions around the EIB’s proposal to phase out lending to fossil fuels. Several shareholders, including Germany, and the European Commission are pushing back on what would be a precedent in the fight against climate change.
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European Commission criticises the EIB’s role as a development bank
Blog entry | 11 October, 2019The European Commission recently published an evaluation of EIB development operations under its External Lending Mandate during the period 2014-2018. The Commission’s findings confirm our previous assessments and repeated calls for improvements in the fields of transparency, human rights due diligence and development impacts of EIB projects.
Read moreLetter: It’s time to stand firm and go Fossil Free
Publication | 7 October, 2019Bankwatch and over 70 other civil society groups have written to President of the European Investment Bank Werner Hoyer, members of the bank’s board of directors as well as the incoming President of the European Commission Ursula von der Leyen, and its
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The EU’s flagship investment scheme must not become backdoor for fossil fuel financing
Blog entry | 7 October, 2019A half trillion euro subsidies scheme and part of the so-called Juncker Plan, the European Fund for Strategic Investment (EFSI) has been portrayed by its promoters, the European Commission and the European Investment Bank as a major success story, albeit with little evidence to back such claims.
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Setting precedent, EU bank to drop all fossil fuels funding beyond 2020
Press release | 26 July, 2019Prague, Brussels – The European Investment Bank, the house bank of the EU, is proposing to end financing for all fossil fuels beyond 2020, becoming the first multilateral financial institution to make such a commitment in line with the Paris Agreement.
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Submission on the European financial architecture for development
Publication | 23 July, 2019In the Submission to the High Level Group of Wise Persons on the European financial architecture for development, civil society organisations CEE Bankwatch Network, Concord, Counter Balance and Eurodad welcome the European Council’s initiative to revie
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Belgrade incinerator: Serbia to be a dumping ground for outdated technology?
Blog entry | 22 July, 2019The Serbian Ministry of Environment recently published the environmental assessment for the planned Vinča waste incinerator for public consultation. But the study shows no sign that the new plant would be in line with new EU pollution control standards approved in June.
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Ahead of Asia Infrastructure Investment Bank meeting in Luxembourg, over 89 000 petition bank to drop Nenskra dam project in Georgia
Press release | 12 July, 2019Luxembourg, Prague, Tbilisi – Representatives from the “Stop Nenskra” campaign [1] showed up in Luxembourg at the Asia Infrastructure Investment Bank (AIIB) annual meeting on July 12th and delivered a petition to the international development banks calling them on not to finance the Nenskra hydropower plant project [2] in Svaneti, Georgia.
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Racing against the clock: Kenyan villagers under imminent threat of eviction by project under EU’s bank’s appraisal
Blog entry | 19 June, 2019Today’s European Development Days forum in Brussels with its aspirational motto ‘building a world which leaves no one behind’ is an ironic backdrop to what is happening in the remote parts of Kenya, where a whole community is facing a threat of forced eviction by a project under appraisal of the EU’s own house bank. About a hundred people were demanded to abandon their homes by tomorrow – 20 June.
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