Pipeline mired in controversy gets half a billion euros from European development bank
4 July, 2018
Brussels, London, Rome, Prague – Today the European Bank for Reconstruction and Development (EBRD) has approved a loan of EUR 500 million for the multi-billion euro Trans-Adriatic Pipeline (TAP) [1], in spite of the project failing to conform to the bank’s own policies and the fervent local resistance following the 878-kilometre pipeline where it crosses land in Greece and Albania before arriving onshore in Italy.
Read moreHow the EBRD can seize the day in sustainable development
28 June, 2018
To truly invest in changing lives and preventing human rights violations, the EBRD must ensure that its independent accountability office can conduct rigorous investigations into allegations of abuse in financed projects – and hold itself accountable.
Read morePromises for coal jobs in southeastern Europe are dangerously out of touch with reality – new study
28 June, 2018
Prague – Proponents of coal say almost 30,000 jobs will be created or maintained in southeastern Europe if new coal plants are built, while according to new analysis [1] by Bankwatch, over 5,000 jobs will be lost.
Read moreOver 120,000 petition development banks to Save the Blue Heart of Europe and drop destructive hydropower in the Balkans
21 June, 2018
London, Prague, Radolfzell, Vienna – Representatives from the Save the Blue Heart of Europe campaign to save Europe’s last remaining wild rivers [1] handed in a petition endorsed globally by more than 120,000 people, calling on international development banks to rein in financial support for hydropower projects in the Balkans.
Read moreRevealed: EIB supporting major Israeli environmental offender
18 June, 2018
In the Israeli Environmental Protection Ministry’s annual ranking, Israel Chemicals has been topping the lists of corporate environmental offenders. For the EIB, the company has “sound environmental policy” which justifies a quarter of billion euros for supporting R&D of specialty chemicals. Ahead of the first anniversary of the Ashalim spill, which originated from an ICL subsidiary’s chemicals plant, a new Bankwatch analysis questions the EIB’s engagement with the company.
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