Face the future: Members of European Parliament discuss energy lending of European public banks
3 June, 2013
A roundtable discussion on European public banks and energy lending brought together Members of the European Parliament and non-governmental organisations, while the public banks themselves chose to stay away.
Read moreVictory for civil society as EBRD cancels loan for controversial Croatian dam
28 May, 2013
Today we’re relieved in Zagreb as one energy project that could have had a destructive impact on Croatia’s future has lost its financing and thus its chances of going ahead are drastically reduced: I’m speaking about the infamous Ombla dam, a project for an underground hydropower plant that would have practically destroyed a protected area close to Dubrovnik.
Read moreVictory for civil society as EBRD cancels loan for controversial Croatian dam
28 May, 2013
Zagreb, May 28 – Croatian electricity company HEP and the European Bank for Reconstruction and Development (EBRD) have cancelled a EUR 123 million loan contract for the controversial Ombla underground hydropower plant near Dubrovnik, HEP has announced yesterday. The EBRD financing would have covered the biggest bulk of the EUR 152.4 million estimated to be needed for construction.
Read moreGroups oppose European bank’s plan to finance oil drilling in Egypt
27 May, 2013
On Wednesday 29 May the European Bank for Reconstruction & Development (EBRD) will vote on whether to make a $40 million loan to Kuwait Energy to drill and extract oil in Egypt. Egyptian and international organisations are pushing the board of the public multilateral bank to reject the loan – or at least postpone its decision.
Read moreEU leaders support green energy campaign: The European Council calls for phasing out fossil fuel subsidies
23 May, 2013
Just as Bankwatch published a new infographic juxtaposing the European Investment Bank’s beneficial and harmful energy lending, Europe’s political leaders have set a priority for energy investments to phase out fossil fuel subsidies and focus on clean energy instead.
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