Watershed moment for EIB’s climate ambitions as EU rushes to quit Russian fossil fuels
Blog entry | 16 June, 2022More than ever before, the European Investment Bank (EIB) has to step up its climate finance game.
Read moreEU bank hands out billions to companies complicit in burning fossil fuels
Press release | 14 June, 2022The European Investment Bank (EIB) has pumped billions of euros into polluting fossil fuel companies over the past two years despite talking up its climate credentials, new research by Counter Balance and CEE Bankwatch Network reveals.
Read morePouring millions from empty into the void
Blog entry | 30 May, 2022EBRD and EIB investments in Bulgarian hydropower have once again been hit by scandal with the recent failure of the Chaira pumped storage plant and revelations about the illegality of small hydropower plants. The planned Yadenitsa dam would be more of the same: will the EBRD and EIB be wise enough to say no?
Read moreSustainable heating is already reality in the EU. Now it’s the Western Balkans’ turn
Blog entry | 16 May, 2022In the Western Balkans, heating based on fossil fuels is making air pollution worse and is also the source of half of greenhouse gas emissions. Sustainable and affordable heating systems based on renewables are no fantasy. They operate successfully in other parts of Europe, and can be implemented in the Western Balkans if decision makers start acting now.
Read moreEU Ombudsman reprimands EIB for lack of transparency on funding’s environmental impacts
Press release | 25 April, 2022In an encouraging move for democracy and the planet, the EU watchdog has taken a stance against the European Investment Bank (EIB) for refusing to disclose information about the environmental impacts of projects it finances.
Read moreEU bank’s new environmental and social policy not fit for lofty development ambitions
Press release | 2 February, 2022The European Investment Bank (EIB) – the financial arm of the EU – has approved a set of new environmental and social standards that, despite some last-minute changes, leave the door open to human rights abuses and biodiversity destruction, warn civil society groups.
Read moreThe EIB’s safeguard rules must match its global ambitions
Blog entry | 1 February, 2022The EU’s house bank has great development aspirations, but its draft environmental and social policy has dangerous gaps that will come back to haunt it.
Read moreEU bank chief ‘ready to close gaps’ on rights abuses and environmental damage
Press release | 27 January, 2022At today’s annual press conference of the European Investment Bank, president Werner Hoyer committed his institution to be ‘second to none’ and take steps to correct a poor record of human rights violations and environmental damage caused by the world’s largest international lender.
Read moreNew complaint on hidden EIB hydropower financing in Serbia shows need for tighter standards
Blog entry | 27 January, 2022As the EIB prepares to adopt a new environmental and social policy next week, an NGO complaint to the Bank’s Complaint Mechanism shows why the Bank’s standards for financial intermediaries urgently need to be tightened.
Read moreWar returnees won discrimination case over re-routing of the EBRD and EIB financed motorway
Blog entry | 20 January, 2022Municipal court decision concluded that the Federation of Bosnia and Hercegovina (FBiH) indirectly discriminated against war returnees in Mostar South by choosing a new route of the Corridor Vc motorway without public consultations.
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