Updates on the European Investment Bank

NGO letter to the European Ombudsman regarding observations on EIB’s reply to Ombudsman’s letter

Response from European Ombudsman regarding EIB’s reply of 11 November 2005

NGO letter requesting EIB to contact Czech authorities to provide information relating to transport projects in the Czech Republic

Letter from EIB to the European Ombudsman concerning delay of publication of information about the D8 motorway project

Bankwatch Mail 25

In this EIB monothematic issue: EIB’s proposed revision to Information Policy – a step backwards *The EIB in developing countries – a blessing or a curse? * Large dams, big trouble * Positives undermined: the EIB’s lending for renewable energies * Taxpayers’ money drowned with EIB assistance * Bratislava’s bridge of sighs – EIB content to wipe its hands clean * The Memory Hole * Hunt on for new Communications and Information Director at EIB * EIB reform posters heading to Brussels and Luxembourg

NGO response to the European Ombudsman regarding comments on the EIBs reaction to NGO complaint

Is the EIB cooling climate change or fueling it? New report sceptical about EU bank’s investments in renewables

With the European Commission sponsored Green Week underway in Brussels, a new study has found that the European Investment Bank’s commitment to investing in renewable energy is in serious doubt owing to the EIB’s opaque information procedures and its definition of renewable energy projects.

Positives undermined: the EIB’s lending for renewable energies

This publication explores the EIB’s investments in renewable energy projects, focusing on financing through the intermediary banks via global loans. The EIB’s refusal to provide any exact information on the subject while referring to its disclosure policy, was a driving force behind the survey made by Bankwatch Network and FoEI between January and March 2005. They asked 386 financial intermediaries to provide a list of renewable energy projects financed through the EIB global loan credit line over the period 1999 to 2003. Sporadic reactions from the intermediaries resulted in no evidence about a concrete renewable energy project being financed from the EUR 300 million allocated by the EIB.

Letter from the European Ombudsman regarding EIB opinion on NGO complaint from 29 November 2004

Bankwatch mail 23

In this issue: Sakhalin II hots up * EBRD: It´s time to combat climate change * Extracting benefits: moving beyond voluntary revenue transparency * EU funds: Quantity and quality must go together * Kresna victory: Sofia rapped over Bern Convention breaches * New Bulgarian coalition formed to optimise Structural funds for 2007-2013 * DOE-no! Another pointless mega-project * EBRD transport policy: How the transition countries can escape the “transit” ghetto * It´s a funny old game! * Banca Intesa pulls out of BTC * The Memory Hole