The 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.
Read moreALSTOM nominated for “Prestigious” Public Eye Awards
Press release | 7 January, 2013The French energy and transport conglomerate Alstom is one of the seven finalists for the People’s Public Eye Awards 2013. The nomination is a result of information submitted by NGOs Focus Slovenia, SHERPA France and CEE Bankwatch Network, in which dubious business practices of the company across the world are highlighted — often linked to proven corruption or corruption allegations surrounding the awarding of contracts.
Read moreEuropean Commission, DG Environment comments to the EIB energy sector lending policy consultations
Publication | 7 January, 2013While not part of the EIB’s energy policy review process as such, following an official request for information Bankwatch has received comments submitted by the Directorate-General for Environment of the European Commission to the EIB as part of ongoing exchanges between the bank and the Commission.
Read moreExpert assessment of Alstom’s business ethics
Publication | 4 January, 2013The French energy and transport conglomerate Alstom is one of the seven finalists for the People’s Public Eye Awards 2013. This assessment – done by experts from the Institute for Business Ethics of the University of St. Gallen, Switzerland – takes a look at international treaties and Alstom’s conduct in relation to them.
Read moreBankwatch input for the review of the European Investment Bank’s energy lending policy
Publication | 30 December, 2012In Autumn 2012, the European Investment Bank has launched a process of reviewing its energy lending policy in order to align it better with EU climate goals. Bankwatch’s comments lay out the case for fossil fuels to ‘fall out’ of the EIB’s future energy lending policy – and for an overall more ambitious, and substantially more climate-sensitive EIB energy policy.
Read moreCounter Balance contribution to the EIB’s energy sector lending policy consultation
Publication | 28 December, 2012Counter Balance is a coalition of European environmental and development organisations that looks into the European Investment Bank’s financing with a focus on non-EU activities. The submission therefore emphasises this area, yet also comments on the questions of coal, carbon markets and nuclear lending, given the global effects of these energy sources.
Read moreUrgewalt/Klimaallianz (DE) Comments on EIB energy policy
Publication | 28 December, 2012In their comments on the upcoming new EIB energy policy the German NGO urgewald and the environmental coalition Klimaallianz focus on issue of coal lending and call for no more public money support for coal fired power plants, neither new plants nor retrofitting.
Read moreEnergy Cities submission for the EIB energy policy review
Publication | 26 December, 2012Energy Cities is the European Association of local authorities inventing their energy future. Their submission to the future EIB energy sector lending policy calls for an acceleration of the transition towards low energy cities with a high quality of life for all.
Read moreNo excuses for the EIB to finance Sostanj
Press release | 21 December, 2012Ljubljana — The Slovenian parliament has ratified today – in an extraordinary session, right before the start of the Christmas holidays – the state guarantee contract between the European Investment Bank and the Slovenian government for a 440 million euros loan for the construction of a new coal unit at Sostanj.
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EIB energy policy review – Time to lock out climate destructive investments for good
Publication | 14 December, 2012The European Investment Bank (EIB), the EU’s bank and also the biggest public financial institution in the world by lending volume, has launched a public consultation on its energy policy and is seeking views from the public and other stakeholders that should feed into a review of one of the EIB’s most crucial lending sectors. The new policy is expected to take effect from June 2013.
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