Updates on the European Investment Bank

No public money for Nabucco – mega gas project a drain on clean energy, human rights and the environment, says Bankwatch

Budapest, Hungary — Reacting to today’s announcement by the Nabucco Consortium that international public banks are now officially commencing their appraisal of the EUR 7.9 billion (estimated) Nabucco gas pipeline project, watchdog group CEE Bankwatch Network called on the international financiers to reject what would be record European public finance for the project and instead to focus on the financing of clean energy in central and eastern Europe, particularly climate-friendly, job-boosting energy efficiency.

Civil society groups welcome cancellation of Slovak D1 motorway PPP

Friends of the Earth CEPA (Slovakia) and CEE Bankwatch Network applaud today’s cancellation [1] of the 9 billion euros public-private partnership (PPP) for the first phase of the D1 motorway in Slovakia and urged the new government to change the project’s routing to avoid damaging the Mala Fatra and Velka Fatra National Parks.

Letter asking the European Commission’s Executive Director in the EBRD to clarify his D1 Motorway Phase One project approval

On April 27, 2010 at the annual meeting of the European Bank for Reconstruction and Development (EBRD), the European Commissions (EC) Executive Director voted positively regarding the D1 Motorway Phase One project in Slovakia – despite the project’s serious shortcomings and an ongoing project screening by the EC (DG Environment) for its compliance with the environmental acquis communautaire.

In Moscow, thousands protest destruction of Khimki Forest

In spite of heavy policing, several thousand people yesterday rallied at a concert in Pushkin Square to voice opposition to the destruction of the Khimki Forest to make way for the EUR 1.5 billion first section of the Moscow – St. Petersburg motorway, a project that may receive financial blessings from the European Bank for Reconstruction and Development and the European Investment Bank.

Letter requesting the Mayor of Moscow to allow for an unhindered concert-rally “We all live in Khimki Forest!”

Complaint regarding the decision by the EIB to grant ArcelorMittal R&D Facility loan

The complaint was filed by Client Earth and Bankwatch to the EIB complaint office after the EIB signed a loan to steel giant ArcelorMittal that was still under investigation from a previous complaint.

EIB response regarding violent clashes in the Khimki forest connected to the Moscow – St.Petersburg motorway

Khimki Forest movement leader violently detained in Moscow

Yevgenia Chirikova, the leader of the Movement to Defend Khimki Forest, has today been forcibly detained by police in Moscow immediately after a press conference on the persecution of activists opposing the construction of a motorway through the Khimki Forest just outside Moscow. [1] At the time of writing she has been released after several hours of interrogation, but urged to come to Khimki’s police station tomorrow for another round of questioning.

Letter calling on European Commission not to grant Community Guarantee for Moscow-St.Petersburg motorway through Khimki Forest

EIB complaints office confirms shortcomings on Belgrade resettlement

After more than three months delay, the Complaints Office of the European Investment Bank recently released its concluding investigations (pdf) into the banks involvement in the resettlement of 175 predominately Roma families from underneath the Gazela bridge in Belgrade.