Do not fund Southern Gas Corridor with EU money
Blog entry | 1 March, 2016The flashbulbs at Azerbaijan’s official photo opportunities should not blind Europe’s leaders to the country’s accelerated descent into authoritarianism, writes Xavier Sol.
Read moreNGOs urge the European Investment Bank not to finance the Southern Gas Corridor
Press release | 28 January, 2016A group of 27 NGOs sent an open letter to the President of the European Investment Bank (EIB) today urging the Bank not to finance the Southern Gas Corridor, a 3500 kilometres-long chain of gas pipelines from Azerbaijan to Europe.
Read moreReport finds development banks fail people harmed by their projects
Press release | 27 January, 2016A new report launched today documents the hurdles communities and workers face in obtaining remedy from development banks whose projects cause them harm. The 11 civil society organizations that authored the report, Glass Half Full? The State of Accountability in Development Finance, call on development banks and the governments that run them to strengthen their systems for providing remedy to those harmed by the activities financed by the banks.
Read moreUPDATED: New documents on European Investment Bank loans to Volkswagen
Blog entry | 18 January, 2016Documents obtained by Bankwatch provide more details for a European Investment Bank statement that its loans to Volkswagen may have been connected to the car makers use of cheating devices to rig emission tests.
Read moreNew Bankwatch study: European “green energy” funding for hydropower threatens pristine Balkan rivers
Press release | 11 December, 2015Radolfzell, Vienna, Prague – A wave of hydropower development fuelled by European public funding and EU companies is endangering pristine river environments in the Balkans, finds a new study by CEE Bankwatch Network released today.
Read more9 reasons why the EU’s bank is no climate leader
Blog entry | 8 December, 2015The European Investment Bank’s track record stands in stark contrast to its pose as a hero in the fight against climate change.
Read moreŠefčovič’s underwhelming outlook for the Energy Union’s role in the energy transition
Blog entry | 1 December, 2015On 20 November 2015, following the presentation of the first State of the Energy Union, Vice-President Šefčovič hosted a Twitter Chat. Also several Bankwatchers joined the discussion. Here are some points we found noteworthy.
Read moreThe energy dissonance: How EU development funds fuel climate change while leaders talk decarbonisation
Press release | 17 November, 2015EU leaders repeatedly voice commitments to spearhead the global effort to tackle climate change, primarily through long-term decarbonisation targets. But a Bankwatch research into the EU’s development funds for neighbouring regions finds that considerably more European taxpayer money is supporting fossil fuels than facilitating a sustainable energy transition.
Read moreUp in smoke: the billions for Europe’s auto industry from the EU’s house bank
Blog entry | 21 October, 2015In the wake of last month’s Volkswagen (VW) emissions scandal, a Politico story, based on a Bankwatch analysis, revealed that the car manufacturer enjoyed generous public financial support from the European Investment Bank (EIB). But the full picture is even more disturbing.
Read moreThe EU’s bank turns its back on Europe’s long term climate goals
Blog entry | 8 October, 2015It appears that before approving the European Investment Bank’s new climate strategy, the bank’s Board of Directors has removed a reference to the European Union’s long-term decarbonisation objectives as a guidance for the EIB’s climate action.
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