Comments on the EIB’s Draft Greenhouse Gas Accounting Methodology
Publication | 7 May, 2012The European Investment Bank (EIB) has developed draft methodologies in order to assess project greenhouse gas emissions from its projects. Bankwatch’s comments provide recommendations on how to improve the methodology used in order to support the EU’s climate goals. Our comments primarily focus on how baselines are set and the treatment of scope 3 emissions. The document also discusses the way in which we believe the bank needs to use the outcomes from its GHG calculations.
Read more
Europe’s energy games are not child’s play
Blog entry | 23 April, 2012A new campaign video illustrates Europe’s self-absorbed approach to its energy policy outside Europe. (A blog entry Cross-posted from the Counter Balance blog.)
Read more
Poland’s anti-climate gamble continued
Blog entry | 18 April, 2012Poland’s application for free emission allowances is a disgrace to European climate goals. If granted, the country’s fossil fuel centred plans would mean a step back for Europe’s plans to decarbonise its energy sector.
Read moreSlovenia: The EBRD freezes loan disbursements in Alstom’s coal project over corruption allegations. NGOs call on the EIB to follow suit
Press release | 18 April, 2012Paris, 18 April 2012 — The European Bank for Reconstruction and Development (EBRD) announced that it is freezing the disbursement of the promised EUR 100 million loan for the construction of a new lignite block at thermal power plant TES 6 in Šoštanj, Slovenia. The decision by the EBRD comes after a group of Slovenian and international NGOs approached the EBRD asking for the bank to halt the loan until corruption allegations are investigated.(1)
Read more
Suspension or no suspension, the EBRD freezes disbursements for the Šoštanj lignite power plant
Blog entry | 18 April, 2012With the decision to freeze the disbursement of a loan for the Šoštanj lignite power plant in Slovenia, the European Bank for Reconstruction and Development seemingly reacts to the many controversial points Bankwatch and other organisations have raised about the project.
Read more
Khimki Forest activist wins Goldman Environmental Prize
Blog entry | 16 April, 2012One of this year’s winners of the Goldman Environmental Prize is Russian Khimki Forest defender Evgenia Chirikova, but the good news is being overshadowed by continued violence against other Khimki activists.
Read morePhoto report from Kiev Chop road rehabilitation – dangers and hardships for local communities
Publication | 13 April, 2012The rehabilitation of the Kiev-Chop road, financed with the help of EBRD and EIB loans, was part of the preparations for the Euro 2012 championships in Poland and Ukraine. Due to a negligent implementation, the project resulted in local people having to face dangerous, even life threatening situations every day.
Read moreGazela reloaded: another illegal Roma resettlement in Serbia on account of an EIB funded project
Press release | 13 April, 2012Belgrade – By the end of April, one hundred Roma families are expected to be illegally resettled from Belgrade neighbourhood Buvljak to several locations including Resnik, where current inhabitants are these days protesting against their arrival [1]. The resettlement is being carried out by Belgrade authorities without a proper resettlement plan or any consideration of the needs of the Roma and potential for inter-racial conflict [2]. The move is deemed necessary as part of the Sava Bridge and adjacent road construction, financed by the European Bank for Reconstruction and Development and the European Investment Bank respectively. [3]
Read more
Campaign asks UniCredit to ‘get out of coal’
Blog entry | 12 April, 2012Pressure is growing not only on international financial institutions but also on private banks to stop financing fossil fuels.
Read moreCitizen’s request to deny state guarantee for Sostanj lignite power plant loan
Publication | 26 March, 2012The director of the NASA Goddard Institute for Space Studies is of Slovenian origin. He sent an open letter to the Slovenian parliament requesting to deny the state guarantee for a loan from the European Investment Bank (EIB) for Unit 6 at the Sostanj lignite thermal power plant.
Read more
