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Harnessing the EU recovery plan for green and accountable investments

13 March, 2009

The unprecedented economic crisis has the potential to provide a significant boost to the environment. Today, investing in a green economy and green jobs is seen as one of the top priorities for moving beyond the crisis. This unique window of political opportunity for the promotion of green investments should not be missed – and how European public money is to be used to get us out of these economic straits is on the line next week.

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First tranche of EIB car “crisis” loans requires scrutiny, warn Bankwatch and Greenpeace

12 March, 2009

The European Investment Bank (EIB) has today extended EUR 3 billion in soft loans to eight European carmakers for the development and production of cleaner vehicles. CEE Bankwatch Network and Greenpeace call on the EIB to ensure that money goes to initiatives with a true impact on cutting carbon emissions from cars and not just to small-scale greenwash projects.

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EU billions earmarked for environmental devastation in central and eastern Europe

16 February, 2009

“RegioScars” awards for the most unsustainable spending of EU funds in Central and Eastern Europe were awarded today by CEE Bankwatch Network and Friends of the Earth Europe. The prizes went to two projects in the Czech Republic and Poland currently in line for support from EU regional aid, and to Latvia’s government for a decision to rule out wind energy projects from EU funds support because of the economic crisis.

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Anti-cyanide protestors in Sofia boosted by European parliament support

20 January, 2009

Residents of the Bulgarian village of Poibrene have today taken their long-standing concerns about the potential introduction of controversial cyanide technology at the Chelopech gold mine – led by Canadian firm Dundee Precious Metals – directly to the Bulgarian ministries of environment and health and to the Sofia office of the European Bank for Reconstruction and Development (EBRD), the publicly-owned development bank that is a potential funder of a USD 150 million project that could see cyanide leaching introduced at the gold mine without inclusive public consultation.

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Stench rising over Sofia waste crisis, warns local group

6 November, 2008

The environmental assessment (EIA) of a waste management project proposed by Sofia municipality to deal with the Bulgarian capital’s chronic waste problems has been criticised by Bankwatch’s Bulgarian member group Za Zemiata for failing to consider an alternative waste management scenario officially submitted by NGOs in collaboration with experts and researchers from Europe and the U.S. Such a procedural breach of Bulgarian EIA legislation should, believes Za Zemiata, rule out vital EU funding that the authorities in Sofia are seeking for the EUR 175 million project. [1]

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