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The EU bank’s dubious overseas development experience shows it cannot be a key player in Europe’s response to the plight of refugees – report

18 November, 2016

The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house bank has been financing outside Europe to find a dismal track record on a range of issues from transparency to human rights. This, the report authors say, should serve as a warning sign for the European Parliament and Council as they consider boosting the bank’s mandate.

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The sound and the fury: new film documents the plight of communities near Romanian coal plant

16 November, 2016

Oppressive noise and a cloud of dust engulf the residents of Roșia de Jiu and Rogojel, villages located next to Romania’s Rovinari power plant. In a new video, Bankwatch Romania has documented the toll that producing coal energy is having on these communities that live near the lignite mines, transport belts and power plant at Rovinari.

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Deceptive promises of new jobs in the coal sector don’t help workers, communities or the climate

14 November, 2016

Now is the time for southeast Europe to start an inclusive and just transition away from lignite, argues new Bankwatch research.

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Overblown job promises in southeast Europe’s coal sector show the need for a just transition – report

14 November, 2016

Promises for new jobs in south-east Europe’s coal sector are exaggerated, a new Bankwatch report reveals. Hardly any coal operations across the region are economically viable, and as a result many coal workers, especially in the mines, are set to lose their jobs, even if the plans for countless new power plants materialise. Governments, coal workers and their wider communities need to work together towards a just transition.

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New cases at UN and EU bodies against Ukraine’s prolongation of nuclear licenses

8 November, 2016

As pressure from civil society and governments is mounting, UN and EU bodies acknowledge Ukraine’s lack of accountability for plans to extend the lifetime of its nuclear fleet. The country could be found in breach of international law. Once again.

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