Indigenous communities in Georgia threatened by a major hydropower project financed with European public money
Blog entry | 10 May, 2019There are many reasons why the Nenskra hydropower plant in Georgia should not be built at all. The project is set to have devastating environmental and social impacts, and its economics are particularly shoddy.
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Slovak aspects of the EIB Energy Lending Policy
Publication | 31 March, 2019One of the biggest challenges in Slovakia is to ensure systematic support for the development of decentralised, non-fossil and sustainable energy system. The European Investment Bank (EIB) already invested far too much into fossil gas (77 per cent of a
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A review of EIB’s Energy Lending Criteria
Publication | 28 March, 2019The review of Energy Lending Criteria gives the bank the opportunity to align its energy financing with the Paris Agreement and catch up with the rapid developments in the clean energy sector, in order to provide the necessary financial boost for the d
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When the EU’s bank can’t kick the fossil fuels habit
Blog entry | 27 March, 2019As the European Investment Bank (EIB) is nowadays preparing a new Energy Lending Policy to guide its investment in energy projects, it seems the world’s largest public lender is not willing to acknowledge its contribution to climate change, the biggest crisis currently facing humanity.
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New report highlights misuse of banking secrecy rules
Blog entry | 26 March, 2019BankTrack’s study finds that client confidentiality is not an absolute legal requirement in any of the world’s major banking centres. Banks can – and do – include the right to disclose information into their contracts. Will the EIB & EBRD acknowledge this in their policies on intermediated lending?
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EIB and Volkswagen keen to return to business as usual
Blog entry | 7 March, 2019Long overdue, and short on content, a compact version of the investigation report on the role of EIB money in the Dieselgate scandal affirms Bankwatch’s revelations that helped trigger this important inquiry. But in its aftermath, there is little to suggest that the EU’s bank has done anything to ensure that the public money it manages will not be misused.
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The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project
Press release | 7 February, 2019Brussels – In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it with major financial support using EU public money.
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Failure of the European Investment Bank to ensure proper climate impact assessment for TAP/TANAP
Publication | 4 February, 2019In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing
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Calling the EIB for a state-of-the-art policy on financial intermediaries
Publication | 25 January, 2019The signatories request the EIB Directors to require from the Bank’s Management to create a state-of-the-art Standard for Financial Intermediaries that will enhance the environmental, social and transparency performance of these operations while mainta
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Belgrade incinerator plans raise burning questions
Blog entry | 19 December, 2018The planned Belgrade waste incinerator in Serbia, being considered for financing by the EBRD, EIB and IFC, is incompatible with increasing waste prevention and recycling rates and endangers the already precarious livelihoods of the 12,000 people who currently live from waste-picking in the city. The recently published environmental and social impact assessment for the project fails to resolve either of these issues, as well as numerous others.
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