Guest post: Development banks and the Arab Spring, new report takes stock
Blog entry | 6 May, 2013A new report takes a critical look at the engagement of European development banks in Egypt after the popular uprisings in the Middle East and North African region. This article appeared originally on the Counter Balance blog and has been shortened and slightly edited.
Read moreGuest post: Never again Sostanj
Blog entry | 20 March, 2013Disappointed by loan disbursements to one of the dirtiest coal projects in Europe, almost 100 organisations have called on two public lenders to not repeat the same mistakes, ever.
Read moreNever again Sostanj, NGOs warn European public banks after Slovenia debacle
Press release | 20 March, 2013After the EIB and the EBRD disbursed a promised 650 million euros for Slovenian lignite plant TES 6 on March 8, Focus Slovenia, CEE Bankwatch Network, and 96 other NGOs are today sending a letter to the two banks calling on them to never commit to such a misguided loan again.
Read moreEurope’s public banks disburse EUR 650 million to Sostanj coal plant despite ongoing corruption charges
Press release | 8 March, 2013Ljubljana – The European Investment Bank announced today [1] that it would pay the remaining EUR 440 million out of a EUR 550 million loan [2] for the construction of a new 600 megawatt lignite unit at Sostanj [3] in Slovenia, and that the European Bank for Reconstruction and Development would follow suite with its parallel EUR 100 million loan.
Read moreDreams of European Investment Bank Quitting Coal Go Up in Smoke – For Now
Press release | 28 February, 2013Climate activists take responsibility for fake press release, bizarre award ceremony Brussels — The European Investment Bank (EIB) president Werner Hoyer was forced to say this morning, during the EIB’s annual press conference, that an announcement that the bank would give up lending to coal was “pure nonsense”. And this, despite the fact that Hoyer repeatedly referred to the EIB as a frontrunner in the fight against climate change.
Read moreA mostly accommodating lion’s den – the second civil society meeting with the EIB Board of Directors
Blog entry | 8 February, 2013A meeting of civil society and the European Investment Bank’s Board of Directors saw a surprising degree of agreement between two often adverse groups.
Read moreSmall shareholders protest price cap on lignite from Šoštanj’s mine
Blog entry | 6 February, 2013With the dubious economics of the Šoštanj 6 lignite power plant depending partly on keeping the price of lignite low, small shareholders who would have to forego their profits are not thrilled at the prospect.
Read moreMembers of European Parliament call on EIB not to finance Slovene lignite power plant
Blog entry | 31 January, 2013In an unambiguous letter Members of the European Parliament have reminded the European Investment Bank of the economic and environmental risks that the Šoštanj lignite power plant project poses for Europe and Slovenia.
Read moreEIB Capital Increase May Not Further EU Goals
Press release | 14 January, 2013Brussels — Last week’s ten billion euros capital increase for the European Investment Bank (EIB), allowing the bank to lend 60 billion euros extra over the next three years, must come with clear commitments from the bank to stop loans for dirty energy, say NGOs.
Read moreThe worst company of the year – Vote for Alstom in the People’s Public Eye Awards 2013
Blog entry | 8 January, 2013Alstom, the constructor for the Sostanj lignite power plant might just be the worst company of the year. You can vote for Alstom in the Public Eye Awards until January 23.
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