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European Parliament passes resolution to end taxpayer support for fossil fuels projects

29 November, 2007

With a resounding majority (540 MEPs in favour), the European Parliament today passed a resolution on trade and climate change which calls for “the discontinuation of public support, via export credit agencies and public investment banks, for fossil fuel projects”. The step was widely welcomed by environmental and development NGOs campaigning on export credit agencies (ECAs) and the European Investment Bank (EIB).

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Distribution of EU funds in Poland seen as flawed by local officials

18 October, 2007

The selection of projects for billions of euros of EU funding in Poland is widely perceived by Polish municipalities to be politically-driven and non-transparent, new research conducted by Bankwatch member group the Institute of Environmental Economics (IEE) has found.

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Albanian referendum aims to put a break on Italian oil and gas plans for renowned Vlora Bay

12 October, 2007

Vlora, Albania – The city council of Vlora in Albania this week approved a citizens’ initiative to hold a public referendum on the development in the picturesque Bay of Vlora of a 200,000 ton oil and gas terminal that is being promoted by the Italian La Petrolífera Italo Rumena company. If constructed, the terminal would become another component of a controversial industrial and energy park located less than six kilometres north of Vlora, a city of more than 150,000 inhabitants.

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Resistance to the Balkan pipeline carve up is growing

2 October, 2007

Bankwatch staff members have just returned from an invigorating and productive meeting with environmental and human rights groups from 14 countries aimed at developing responses to the rash of oil pipeline projects being proposed in South East Europe to bring Russian and Caspian oil to Europe and the US.

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Rosia Montana – no improvement in sight for tarnished gold project

30 August, 2006

The recent public debate organised in Bucharest to discuss the controversial USD 500 million Rosia Montana gold mine project have been disrupted and debased by the actions of the projects sponsor, the Canadian company Rosia Montana Gold Corporation (RMGC), allege Romanian groups. The Bucharest-based TERRA Mileniul III and the Centre for Legal Resources maintain that the discussions taking place as part of the gold project’s environmental impact assessment (EIA) procedure have been tainted by RMGC’s bussing in of rowdy supporters of the project and also because of crucial missing project documentation.

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