Bankwatch stops cutting of another 22 hectares of forest for coal mining in Romania
6 February, 2015
In a file launched by Bankwatch in 2014, a Romanian court annulled [ro] 27 deforestation permits last week, preventing 22 hectares of forest in the country’s south-west to be cut for the expansion of an open-pit coal mine.
Read moreLong awaited investigation into Glencore for alleged tax dodging shows EU Bank’s lack of transparency and vulnerability to abuse
5 February, 2015
Brussels – The European Investment Bank (EIB) is virtually powerless in the face of abuse of its own funds, an internal investigation published last week by the EIB shows. What’s even worse is that the EIB’s new transparency policy – to be adopted in the coming weeks – would formally allow the bank to keep such internal investigations into abuses of its funds secret, hereby undermining public scrutiny of public money.
Read moreNew arrests should dampen Serbia’s appetite for coal
4 February, 2015
Corruption cases continue to haunt Serbia’s coal sector as a new round of arrests last week has shown. They also illustrate how the dependence on coal creates vulnerabilities for Serbia’s energy sector and potentially its financiers, in particular in the aftermath of last year’s floods.
Read moreEuropean Investment Bank confirms plans to finance Trans-Adriatic Pipeline
4 February, 2015
On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.
Read moreGuest post: Resettlement process for Kosovo Power Project does not comply with international standards
3 February, 2015
A report being presented today analyses the process with which 7000 are to be resettled for the Kosovo lignite mine and concludes that the World Bank-financed process does not comply with the bank’s own standards and is plagued by a slew of other weaknesses.
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