Dr. Jekyll and Mr. Hyde: An Energy Union torn between clean energy and fossil fuels
24 February, 2015
Brussels – The vision of Energy Union to be outlined by the European Commission tomorrow proposes making Europe a world leader in renewables and energy efficiency, but at the same time envisages significant investments undermining that goal, such as gas import infrastructure, nuclear and dirty unconventional fossil fuels.
Read moreEBRD must not back Egyptian coal imports
24 February, 2015
Cairo — Ahead of tomorrow’s Board vote on the EBRD loan to CEMEX Egypt, a number of civil society organisations [*], inlcuding Egyptian groups, urge the bank to reject this project not only because it involves support for dirty coal-based production but also because it actually means promoting the plans of a repressive government despite opposition from civil society.
Read moreAgro business shooting star in Ukraine turns into nightmare for investors
18 February, 2015
The story of the defaulted company Mriya Agro Holding shows what risks investors and creditors are willing to take in the pursuit of profit in Ukraine’s agribusiness. Major creditors, including the International Finance Corporation and export credit agencies have been left with little hopes of recoveries. The European Bank for Reconstruction and Development has escaped the financial loss by a hair’s-breadth.
Read moreEU priority gas pipeline faces fierce opposition in Italy
17 February, 2015
The European Investment Bank recently confirmed plans to finance the Trans-Adriatic Pipeline from Greece via Albania to Italy. Yet a coalition of local mayors will do whatever it takes to stop the project.
Read moreEuropean banks: it’s time to quit coal in Ukraine
13 February, 2015
In a street action being held today in Kiev as part of the Global Divestment Day, Ukrainians call on public and private investors to end financing for fossil fuels, in particular coal, and instead invest in renewable energy sources which represent the only independent source for the country.
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