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.
Read moreProposed Lukoil EBRD loan – for whose benefit?
Publication | 22 December, 2014Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are gearing up to offer almost a billion dollars in financial support to Russian company Lukoil for gas extraction in Azerbaijan.
Read moreJuncker’s investment offensive risks turning against Europeans
Press release | 18 December, 2014Brussels – Environmental NGOs call on President Juncker, the European Commission and the European Investment Bank to consider for financing from the 315 billion growth package only projects which are sustainable and in line with EU goals and only after proper public consultation with potentially affected communities.
Read moreLetter to the European Commission and the EIB regarding the EFSI investment fund
Publication | 16 December, 2014This letter, sent by a group of NGOs from the Green 10 and Counter Balance coalitions, calls on the Juncker Commission and the European Investment Bank to apply principles of transparency and sustainability for the EUR 315 billion investment package.
Read moreEight things to give the EIB’s forthcoming climate policy meaning, purpose and ambition
Publication | 10 December, 2014With climate protection set to be a high priority for the EU in the next five years and beyond, the EIB needs to streamline climate considerations across its lending to different sectors and in different regions as quickly as possible. Such a policy needs to deliver on multiple objectives, with the combating of climate change and the promotion of sustainability absolutely central to these.
Read moreJuncker’s investment package to be hijacked by countries’ destructive plans
Press release | 8 December, 2014Brussels – A list of projects member states want to see financed from the Juncker investment package has been made public in expectation of tomorrow’s summit where finance ministers will discuss the package. Coal, nuclear and incinerators are among the various countries’ priorities, which fail to add up to the long-term strategic plan to stimulate growth and sustainability in Europe that Juncker promised.
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EU Project Bonds are a worrying indication for the future EU long term investment plans
Blog entry | 4 December, 2014As the pilot phase of the EU Project Bonds Initiative is coming to an end, a roundtable discussion in the European Parliament takes stock of the initiative.
Read moreBankwatch Mail 61
Publication | 2 December, 2014Европейский инвестиционный банк как основа Инициативы проектных облигаций ЕС – ее начальной и, как показывает опыт, проблематичной пилотной фазы. В Bankwatch Mail 61 рассматриваются инфраструктурные проблемы, которые сегодня стоят перед Европой, вопрос приемлемости использования таких механизмов, как европейские проектные облигации, для выхода на финансовые рынки, а также обзор недавно представленного пакета инвестиционных мер Юнкера, в котором в очередной раз ведущая роль в области реанимации европейской экономики отводится ЕИБ.
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