EIB Climate Action undermined by bank’s fossil fuel lending
Press release | 11 February, 2015Brussels — Ahead of a public consultation on the European Investment Bank’s Climate Action Programme tomorrow in Brussels, Bankwatch insists that, if the bank’s pro-climate efforts are to be effective, the EIB must give up its loans to fossil fuels and other climate-damaging sectors.
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Natural gas left, right and centre at Energy Union conference in Riga
Blog entry | 11 February, 2015Massive infrastructure for transporting natural gas is shaping up to be a centre piece of the Energy Union put forward by the Juncker Commission. This was also the impression Bankwatch campaigners had at an Energy Union conference in Riga last week.
Read moreLong awaited investigation into Glencore for alleged tax dodging shows EU Bank’s lack of transparency and vulnerability to abuse
Press release | 5 February, 2015Brussels – The European Investment Bank (EIB) is virtually powerless in the face of abuse of its own funds, an internal investigation published last week by the EIB shows. What’s even worse is that the EIB’s new transparency policy – to be adopted in the coming weeks – would formally allow the bank to keep such internal investigations into abuses of its funds secret, hereby undermining public scrutiny of public money.
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European Investment Bank confirms plans to finance Trans-Adriatic Pipeline
Blog entry | 4 February, 2015On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.
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Civil society aiming to clamp down on EIB tax haven evasiveness
Publication | 2 February, 2015Pressure is mounting on the European Investment Bank to take swift action that addresses weaknesses in its policy on lending to businesses based in tax havens.
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Eight things to give the EIB’s forthcoming climate policy meaning, purpose and ambition
Publication | 2 February, 2015The European Investment Bank, as the EU’s lending arm, needs a lending policy on climate protection which properly reflects the EU’s climate policies and legislation.
Read moreKey civil society messages on the EIB climate policy
Publication | 2 February, 2015This briefing was presented to the directors of the European Investment Bank during a meeting with civil society organisations.
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UPDATE 7: Juncker on the investment offensive … against Europeans, the economy and the environment
Blog entry | 22 January, 2015Labelled the €1.3 trillion investment offensive, more than 2000 projects have been identified by the European Commission’s new Task Force on Investment (made up of representatives of the EC, EIB and member states) for fast-tracked financing from President Juncker’s recently announced €315 billion stimulus plan.
Read morePipe Dreams: Why the Southern Gas Corridor will not reduce EU dependency on Russia
Press release | 21 January, 2015Brussels – The Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia, according to a new NGO study “Pipe Dreams” published today.
Read moreEnvironmental Impact Assessment in focus – A tool to promote democracy and environmental protection
Publication | 26 December, 2014The Environmental Impact Assessment process is an important tool for the public in both the Middle East and North Africa region (MENA) and the Eastern Partnership region (EaP) to ensure fully fledged public participation. Knowing the general jargon of the EIA process and understanding its structure, functions and aims, provides the public with a great opportunity to ensure its right to participation and to influence decision-making. This publication aims to bring this knowledge to those who can benefit from it.
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