European banks must not support a “new Šoštanj 6” in Bosnia-Herzegovina, warn NGOs
2 December, 2019
Slovene bank NLB’s offer of a loan for the construction of the controversial Tuzla 7 coal power plant in Bosnia and Herzegovina poses serious risks to the bank and its shareholders due to a slew of legal and economic issues around the project, warned a group of non-governmental organisations in a letter to the bank today (1).
Read moreDirty palms: European Development Banks need better due diligence and accountability to prevent human rights abuses
29 November, 2019
Long considered the standard-setters in the world of development finance, Multilateral Development Banks are now at an important junction. Europe’s development financiers must step up their accountability and commitment to protection of people and nature.
Read moreWhen will the European Ombudsman’s decision on export credits come to pass?
20 November, 2019
Commission president Ursula von der Leyen has clearly expressed political will to focus on climate and sustainability in EU finance and policy coherence. The announcement of the European Green Deal is a chance to make good on leading sustainability a substantial portion of European public finance: export credits.
Read moreA walk on the wild side
18 November, 2019
The EBRD-financed Green Boulevard project in Belgrade, Serbia, has long attracted criticism from groups like Streets for Cyclists, who have pointed out that it will include no cycling lanes, and will slow down public transport by letting cars drive on the tram tracks. But now it is under construction, a whole new slew of problems have come up.
Read moreWorld’s largest multilateral bank ends fossil fuels financing
14 November, 2019
Brussels, Prague — Bankwatch, Counter Balance and a growing number of civil society groups have long been calling on the European Investment Bank (EIB), the EU’s house bank, to recognise the urgency of stemming the climate crisis and stop handing out public money to fossil fuel projects. Today, November 14, the bank’s Board of Directors adopted a new Energy Lending Policy that ends financing for most fossil fuels projects.
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