In Kenya, a motorway funded by the European Investment Bank runs over roadside dwellers
Blog entry | 30 July, 2018Children dropping out of school, trees cut, people living in fear of another wave of forced evictions – the European Investment Bank’s (EIB) project reveals the critical absence of human rights safeguards in the EU’s overseas development financing.
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Putting human rights first at the European Investment Bank. Upcoming opportunities
Publication | 23 July, 2018The nearly 1,000 kilometre route connecting Mombasa and Lake Victoria has always been of key importance for the development of Eastern Africa. The narrow, crowded car road is still the main artery of the region. By 2020, the Kenya National Highways Aut
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Comments on the EIB Environmental, Climate and Social Guideline on Hydropower Development
Publication | 10 July, 2018CEE Bankwatch Network, Wetlands International, and International Rivers welcome the publication of the Guideline. The proposed text outlines well the risks and impacts that the hydropower schemes have on people and the environment. We think that the te
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Over 120,000 petition development banks to Save the Blue Heart of Europe and drop destructive hydropower in the Balkans
Press release | 21 June, 2018London, Prague, Radolfzell, Vienna – Representatives from the Save the Blue Heart of Europe campaign to save Europe’s last remaining wild rivers [1] handed in a petition endorsed globally by more than 120,000 people, calling on international development banks to rein in financial support for hydropower projects in the Balkans.
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Revealed: EIB supporting major Israeli environmental offender
Blog entry | 18 June, 2018In the Israeli Environmental Protection Ministry’s annual ranking, Israel Chemicals has been topping the lists of corporate environmental offenders. For the EIB, the company has “sound environmental policy” which justifies a quarter of billion euros for supporting R&D of specialty chemicals. Ahead of the first anniversary of the Ashalim spill, which originated from an ICL subsidiary’s chemicals plant, a new Bankwatch analysis questions the EIB’s engagement with the company.
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The cost of turning a blind eye: EIB lending to Israel’s ICL
Publication | 18 June, 2018The toxic wastewater spill from the Rotem Amfert plant that caused a severe environmental disaster in Ashalim Stream, Israel, in late June 2017 joins a long list of pollution events the company has been responsible for through the years. In fact, even
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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.
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Nenskra complaint to the European Investment Bank
Publication | 1 June, 2018In our opinion, the European Investment Bank (EIB) has failed to comply with the Standard 7 by not respecting the status of Svans as indigenous peoples. The Bank did not fulfill its environmental and social standards: it ignored the project’s significa
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European 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.
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Leaving 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.
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