The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project
7 February, 2019
Brussels – In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it with major financial support using EU public money.
Read moreCase to the European Ombudsman calls out Commission for failing to protect Bulgaria’s biodiversity
31 January, 2019
Brussels / Sofia – the European Commission has been accused of failing to monitor how EU funds are being spent in Bulgaria, according to a complaint [1] filed to the European Ombudsman over the Commission’s handling of a motorway project that threatens a protected Natura 2000 site.
Read moreFuture EU funds for the regions set to become climate-proof
22 January, 2019
Brussels, for immediate release – Today the European Parliament’s Committee on Regional Development (REGI) adopted the so-called Common Provisions Regulation, which sets the conditions and principles governing the funding for Cohesion Policy from 2021 to 2027. NGO groups CEE Bankwatch Network and Climate Action Network (CAN) Europe welcome the regulation, which exceeds the European Commission’s proposal by introducing new and additional safeguards against climate change.
Read moreFuture EU investment package falls short of climate ambition
16 January, 2019
Strasbourg, Brussels – Today the European Parliament took a disappointing stance on climate when voting to approve the establishment of InvestEU, the EU’s financing tool to attract private investments – say NGO groups CEE Bankwatch Network, Climate Action Network (CAN) Europe, WWF European Policy Office, and Counter Balance. The approved investment package keeps the door open to further public investments in fossil fuels, which is incompatible with the requirements of the Paris Climate Agreement.
Read moreThe weight of gold
16 January, 2019
The new gold mine in Krumovgrad boasts environmental performance and social responsibility, yet there are black spots along the path of the Bulgarian gold around the globe.
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