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New EIB Energy Policy: A Missed Opportunity

25 June, 2013

Brussels — The EU’s global leadership on climate change is set to take another blow if the European Investment Bank, the EU house bank and one of the world’s largest public lenders, adopts a future energy lending policy as presented yesterday to the public. The draft policy includes weaker standards for lending to coal plants than currently proposed in both the US and Canada.

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A tale of neglect: Energy finance figures from the Western Balkans

25 June, 2013

The neglect by international financial institutions of the Western Balkans sustainable energy potential will cost the region’s public heavily for years to come. Figures collected in a new study illustrate how the different international lenders perform in the region.

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Development banks energy investments jeopardise the ability of Balkan accession countries to meet EU energy and climate targets, says new report

25 June, 2013

Brussels, Belgium – Heavy investments in fossil fuels by international financial institutions (IFIs) in the Western Balkans are hindering these countries’ compliance with EU accession requirements, finds a new report – “Invest in Haste, Repent at Leisure” – from civil society organizations CEE Bankwatch Network, SEE Change Net and WWF, created as part of the SEE SEP (South East Europe Sustainable Energy Policy) programme.

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Russian and European NGO investigations lead to the filing of a complaint against VINCI CONCESSIONS RUSSIE SA and against unknown persons before the Nanterre Public Prosecutor

24 June, 2013

Paris, 24 June 2013 – Sherpa, Russie-Libertés, CEE Bankwatch Network and MOBO Princip, as well as members of Russian civil society such as the environmental activist Evgenia Chirikova, today submitted to the Public Prosecutor of Nanterre, France, a complaint relating to the conditions in which the NORTH WEST CONCESSION COMPANY – NWCC – , which is wholly owned by the French company VINCI CONCESSIONS RUSSIE, was awarded a public contract in 2009 concerning the construction of the highway between Moscow and Saint Petersburg.

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Little impact of EU aid for Egypt – Ongoing abuses and Brussels scrutiny puts EBRD’s best laid plans in question

24 June, 2013

How is the European Bank for Reconstruction and Development able to justify a brand new host country agreement with Egypt, given the abuses still being endured in Egypt and the failure of one billion euros of EU money to improve the economic and human rights situation there?

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