NGO letter to EU institutions: Take immediate action to respond to the dieselgate scandal
Publication | 9 November, 2015The dieselgate scandal is symptomatic of a ‘better regulation’ agenda in favour of cutting compliance costs and replacing the role of the public regulator with corporate co- and self-regulation. More than 35 civil society organisations have signed this letter calling for immediate and transparent investigations; EU oversight in the process of type approval for motor vehicles; strengthened enforcement of environmental legislation at EU and Member State level; the suspension of fraudulent companies from the EU lobby register until it has been demonstrated that they comply with EU law.
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Up 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.
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The 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.
Read moreComments on Environmental Impact Assessment for Nenskra hydropower plant in Georgia
Publication | 30 September, 2015These comments on the Environmental Impact Assessment (EIA) report for the Nenskra hydropower plant in Georgia concludes that the quality of the submitted report is extremely poor. The report as well as the public hearings organised during its preparation do not comply with Georgian legislation or with the requirements of International Financial Institutions.
Read moreRequest for information on EIB loans to Volkswagen
Publication | 25 September, 2015Following revelations about Volkswagen cheating in emissions tests and about the European Investment Bank’s substantial support for VW – including loans for research and development of cleaner engines, Bankwatch requested information on EIB loans to the car maker. The bank provided highly insufficient responses. Read more here >>
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Financing the post-2015 agenda – the problematic role of development banks
Blog entry | 24 September, 2015The heavy involvement of international financial institutions in the post-2015 development agenda raises serious questions for civil society around the world on whether the SDGs will manage to address the root causes of inequality, poverty and environmental degradation.
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Guest post: Italian mayors protest against the Trans Adriatic Pipeline
Blog entry | 22 September, 2015Local opposition in Italy to the Trans Adriatic Pipeline (TAP) is mounting. During a business event organised last week, a dozen mayors staged a protest against the government’s support for the project, who together with civil society and local authorities fear that the pipeline will destroy the environment and the safety of their communities. Instead they are demanding that EU drop the project.
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Bankwatch and Counter Balance statement on the adoption of the European Investment Bank Climate Strategy
Press release | 22 September, 2015“As Europe prepares to host the seminal UN climate summit in Paris at year’s end, the EU’s house bank is turning away from its commitment to finance the bloc’s climate action.
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Slovenia and the Energy Union: clash in priorities, renewables as collateral damage
Blog entry | 17 September, 2015A leaked document, published here for the first time, that outlines the Slovenian government’s priorities for the EU’s Energy Union reveals a potential conflict with what the European Commission has on offer. Yet, neither promises ambitious strides towards more renewables.
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Images and graphs: Large-scale agribusiness in Ukraine and local communities
Blog entry | 14 September, 2015Ukraine’s agriculture was the only sector in the country to grow in 2014. International investors are happy to point this out – and the role they are playing in financing these investments. Our investigation, however, shows that cheap Ukrainian food products are coming at the expense of severe impacts on local communities.
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