Green spending appears on EU budget radar – it must stay there, say environment groups
14 November, 2012
Brussels, Belgium — The latest EU budget 2014-20 negotiating text, published today by President of the European Council, Herman van Rompuy, contains the first sign of hope for a future EU budget that tackles climate change and helps support a sustainable future for Europe’s 500 million people, according to CEE Bankwatch Network and Friends of the Earth Europe.
Read moreEuropean public development money for Monsanto? Whatever next?!
14 November, 2012
The European Bank for Reconstruction and Development considers supporting one of the most criticised and controversial corporations on the planet, Monsanto. Reasons for deciding against it are plenty.
Read moreFirst major project in Egypt reveals transparency oversight by European public banks
13 November, 2012
A $3.7 billion PPP oil refinery expansion in Cairo is accompanied by contradictory project documents, making a mockery of claims by the public banks involved to be committed to “good governance” or democracy. Despite being presented as merely translations of one document, the Arabic and English “versions” are entirely different – with the Arabic markedly cursory and superficial.
Read morePublic-private partnerships in the EU at lowest level for ten years, but more blood transfusions from project bonds coming soon
7 November, 2012
Although public-private partnerships appear to become increasingly untenable for public authorities, they are further being promoted by the European Commission and the European Investment Bank. An official in-depth evaluation of this financing model, however, is still nowhere to be seen.
Read moreThat’s what they call sustainable. The EBRD’s 10 billion for sustainable energy
6 November, 2012
The European Bank for Reconstruction and Development boasts of having invested 10 billion euros in sustainable energy since 2006. A closer look reveals that although the bank’s efforts deserve recognition, several investments make a mockery of ‘sustainability’.
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