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Guest post: Ombla must be protected, not flooded!

21 April, 2015

The project promoter of the Ombla hydropower plant in Dubrovnik, Croatia is still stubbornly pushing the project forward. A presentation yesterday of a new nature impact assessment did not offer answers to a range of outstanding questions, including the project’s economic feasibility, impacts on locals and more.

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Unpaid coal bill: Romanian coal exports to Serbia marred by corruption

21 April, 2015

A dodgy deal to export coal from Romania to Serbia has left the Romanian state-owned coal supplier with a potential seven million euros write-off.

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“Fight tax havens, start with the European Investment Bank”, argues new report

21 April, 2015

Counter Balance & Re:Common press release The European Investment Bank (EIB) was the first Development Financial Institution (DFI) to adopt a tax haven policy in 2009. However, more than five years on EIB money still runs via tax havens. A new report by Counter Balance and Re:Common* ‘Towards a Responsible Taxation Policy for the EIB’ which is launched today calls on the EU’s public bank to grasp the political momentum at EU level to prevent any public money from flowing through tax havens. Country by country reporting, identification of beneficial ownership and a workable list of non-compliant jurisdictions would be key ingredients of a real “Responsible Taxation Policy”.

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Parliament presses for more scrutiny of EU Investment Plan but guts green prospects

20 April, 2015

BRUSSELS – MEPs ditch ring fencing for energy savings but demand more democratic oversight over the European Fund for Strategic Investments (EFSI) that has been setup to implement Commission President Juncker’s economic recovery plan.

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Statement on the European Parliament ITRE Committee vote

15 April, 2015

CEE Bankwatch Network, Friends of the Earth Europe and Counter Balance welcome yesterday’s vote to earmark EUR 5 billion for energy savings projects across Europe by the Parliament’s Industry, Research and Energy Committee (ITRE). The funds were allocated via an amendment to the European Fund for Strategic Investment regulation proposed by Commission president Juncker in December 2014. The vote also requires that any energy infrastructure project financed from the EUR 315 billion investment plan be in line with Europe’s long term energy and climate targets for 2050.

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