European development money helps sustain fossil fuels-based companies – report
Press release | 27 September, 2018Five of Europe’s biggest climate offenders continue to enjoy billions of euros in public funds, according to a Bankwatch report released today.
Read moreThe EU’s house bank obstructs climate action with continued fossil fuels spending and lacking investment in sustainable energy – new report
Press release | 6 September, 2018Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new report details a set of measures – including an unequivocal commitment to end support for fossil fuels – that can be introduced in the course of the upcoming review of the EIB’s energy strategy to ensure the world’s largest public lender facilitates the global effort to tackle the climate crisis, rather than hamper it.
Read more5 benefits of engaging in a facilitated dialogue process: the case of Myronivsky Hliboproduct
Blog entry | 10 August, 2018When both parties come to the table ready to participate in a meaningful way, a dispute resolution can serve as a valuable opportunity for companies, as well as the communities impacted by its operations.
Read moreThe European Parliament resolution urges European financial institution to respect indigenous peoples rights
Blog entry | 9 August, 2018Celebrate the rights of those 5 per cent who hold 80 per cent of the planet’s biodiversity. Today is the International Day of the World’s Indigenous Peoples.
Read moreDevastating floods are the latest warning sign about controversial Nenskra hydropower project
Blog entry | 31 July, 2018From the outside, this tragedy might seem like a natural disaster, a force majeure. But one cannot ignore the human factors at play.
Read moreIn Kenya, a motorway funded by the European Investment Bank runs over roadside dwellers
Blog entry | 30 July, 2018Children dropping out of school, trees cut, people living in fear of another wave of forced evictions – the European Investment Bank’s (EIB) project reveals the critical absence of human rights safeguards in the EU’s overseas development financing.
Read moreOver 120,000 petition development banks to Save the Blue Heart of Europe and drop destructive hydropower in the Balkans
Press release | 21 June, 2018London, Prague, Radolfzell, Vienna – Representatives from the Save the Blue Heart of Europe campaign to save Europe’s last remaining wild rivers [1] handed in a petition endorsed globally by more than 120,000 people, calling on international development banks to rein in financial support for hydropower projects in the Balkans.
Read moreRevealed: EIB supporting major Israeli environmental offender
Blog entry | 18 June, 2018In the Israeli Environmental Protection Ministry’s annual ranking, Israel Chemicals has been topping the lists of corporate environmental offenders. For the EIB, the company has “sound environmental policy” which justifies a quarter of billion euros for supporting R&D of specialty chemicals. Ahead of the first anniversary of the Ashalim spill, which originated from an ICL subsidiary’s chemicals plant, a new Bankwatch analysis questions the EIB’s engagement with the company.
Read moreAt 60, EU public bank needs fundamental reform – civil society groups
Press release | 18 June, 2018The European Investment Bank (EIB) needs to end its investment in fossil fuels and boost support for sustainable energy, reinforce its public accountability, and prioritise human rights, a group of 21 European NGOs write in a letter to EU finance ministers.
Read moreEuropean Ombudsman requests more lending transparency from European Investment Bank
Press release | 24 May, 2018Brussels — The European Ombudsman has asked the European Investment Bank (EIB) to increase transparency in its lending activities.
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