‘EU climate bank’ keeps back door open for fossil fuel giants
2 May, 2023
The European Investment Bank (EIB) made history with its decision to stop financing fossil fuel energy from 2022 onwards. By adopting the PATH Framework in October 2021, it seemed the EIB had finally set the conditions requiring its clients to disclose information on their corporate-level emissions, as well as decarbonisation plans. But a year later, it made a U-turn.
Read moreTransalpine oil pipeline expansion: REPowerEU funds must not swell the coffers of energy crisis profiteers
19 April, 2023
Using EU funds, the Czech government plans to provide EUR 114 million for the expansion of the Transalpine (TAL) oil pipeline, which links the Italian port of Trieste with refineries in Austria, Germany and the Czech Republic. The project raises concerns about its compliance with EU legislation as well as its environmental and economic sustainability.
Read moreEU’s house bank breached environmental standards on Serbia hydropower project
14 April, 2023
The European Investment Bank (EIB) breached its environmental standards during the approval of the Komalj small hydropower plant in Serbia, the Bank’s Complaint Mechanism has concluded, in a report published today. (1)
Read moreLatvia abandons plans for controversial LNG terminal but still needs to ditch fossil gas
12 April, 2023
Latvia’s government announced yesterday (11 April) it is terminating plans for a liquified fossil gas (commonly termed liquified natural gas or LNG) terminal in Skulte.
Read moreNGOs take Romania to court in the country’s first climate lawsuit
6 April, 2023
Declic – one of Romania’s most important NGOs – has filed the country’s first ever climate lawsuit for the government’s failure to take appropriate measures to reduce and mitigate the foreseeable risks posed by the climate crisis. Climate activists from Declic also asked the court to issue Romanian Prime Minister Nicoale Ciucă and the Ministers of Environment and Energy with fines for every day of inaction. The case alleges that Romanian officials have breached their legal duties to adopt and implement an energy transition strategy that aligns with the Paris Agreement, keeping the global average temperature below a 1.5°C increase.
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