Updates on the European Investment Bank

Letter to the EIB regarding impacts of a proposed D1 motorway section

The letter accompanied an expert study on the expected impacts of the proposed D1 motorway section Turany-Hubov on animal species, biotopes and Natura 2000 sites. The study (in Slovak language) is available at the website of Bankwatch member group Friends of the Earth-CEPA.

Letter to the European Commission regarding impacts of a proposed D1 motorway section

The letter accompanied an expert study on the expected impacts of the proposed D1 motorway section Turany-Hubov on animal species, biotopes and Natura 2000 sites. The study (in Slovak language) is available at the website of Bankwatch member group Friends of the Earth-CEPA.

Response letter to EBRD specifying environmental and legal shortcomings related to the Moscow – St.Petersburg highway

Change the lending, not the climate

Bankwatch’s new report on the EIB’s fossil-heavy energy lending between 2002 and 2008 comes one week before the crunch global climate talks in Copenhagen, in preparation for which the international financial institutions have been flexing their rhetorical muscles.

Change the lending, not the climate

As this rigorous analysis of the European Investment Bank’s energy portfolio from 2002 until the end of 2008 reveals, the EIB continues to heavily support fossil fuels while its lending for renewable energy maintains a promising, if only rather steady, share – in spite of the clear evidence of the climate change challenge, and despite the challenge the EU’s targets pose for its member states, especially the new member states in the east.

Letter to Energy Community of South East Europe regarding Porto Romano power plant

Letter to EIB asking for further explanation of ArcelorMittal’s eligibility for EIB funding

The EIB responded to our letter on December 22, 2009. Their response can be downloaded as pdf here.

Letter to EIB regarding the bank’s consideration to finance the Moscow – St. Petersburg motorway PPP

Bankwatch is concerned about the EIB and EBRD’s plans to finance the Moscow – St Petersburg motorway, which threatens the Khimki Forest outside of Moscow. Local people are vigorously campaigning to ensure that the motorway does not destroy their local green area. Here, we ask for some information regarding the EIB’s participation in the project.

Letter to European Commission regarding the EIB’s consideration to finance the Moscow – St. Petersburg motorway PPP

Violations at EBRD power lines project spark clashes between police and villagers in Ukraine

A project financed by the European Bank for Reconstruction and Development (EBRD) in the Odessa region of Ukraine has this week been the scene of clashes between 300 police officers and villagers resisting the routing of high voltage power lines through their village. The EUR 25.8 million Odessa High Voltage Grid Upgrade project is being implemented by Ukraine’s national electricity company Ukrenergo in violation of agreements with the EBRD, the international public development bank and backer of the project.