Art installation at Berlaymont denounces banking on coal
19 October, 2011
Brussels – With an art installation that symbolizes EU citizens locked in a polluted environment, the Slovenian artist Marko Kumer Murč and Slovene environmentalists from Focus protest against European public and private banks pouring hundreds of millions of euros into a new lignite plant in their country, at Sostanj. Many Slovenians oppose this project and the Slovenian parliament has just refused to support a state guarantee for the banks’ loans. The action is supported by the international NGOs Banktrack and CEE Bankwatch Network, which are campaigning against the project.
Read moreThere is a light at the end of the EIB tunnel
18 October, 2011
The European Investment Bank finally invited for a dialogue with civil society organisations. It might be a little ambitious to say that true dialogue happened there, but certainly the NGOs were able to send a couple of strong messages to the EIB Board, and, for a while, it felt like the Board was listening.
Read moreThree new Czech incinerators to burn EU regional funds
13 October, 2011
Prague- CEE Bankwatch Network has learnt that the Czech Republic is planning to use 80% of regional funds dedicated to big waste projects for 2007-2013 [1] for the construction of new incinerators, which are three times more expensive than alternative waste management solutions.
Read moreA historic event, the European Investment Bank opens its doors (a bit)
12 October, 2011
Ahead of a meeting next week that offers a unique chance for discussion with the EIB’s Board of Directors, Bankwatch’s EIB team leader Anna Roggenbuck gives an overview over some of the issues to which she’d like to hear some comments by the bank’s enigmatic leadership.
Read moreDid the glimmer of gold blind the EBRD?
11 October, 2011
The European Bank for Reconstruction and Development has become a stakeholder in a company that is involved in gold mining in a UNESCO World Heritage site in Russia. Not only does this violate its own Environmental and Social Policy, but it also tells me a lot about the bank’s assessment of partner companies.
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