Europe’s public banks disburse EUR 650 million to Sostanj coal plant despite ongoing corruption charges
8 March, 2013
Ljubljana – The European Investment Bank announced today [1] that it would pay the remaining EUR 440 million out of a EUR 550 million loan [2] for the construction of a new 600 megawatt lignite unit at Sostanj [3] in Slovenia, and that the European Bank for Reconstruction and Development would follow suite with its parallel EUR 100 million loan.
Read moreCoal power plants make you sick
7 March, 2013
A new report calculates the effects of coal-fired power generation across Europe on chronic lung disease and some heart conditions and the associated costs. It is another clue for both the European Bank for Reconstruction and Development and the European Investment Bank to end support for coal as the two revise their energy policies.
Read moreDreams of European Investment Bank Quitting Coal Go Up in Smoke – For Now
28 February, 2013
Climate activists take responsibility for fake press release, bizarre award ceremony Brussels — The European Investment Bank (EIB) president Werner Hoyer was forced to say this morning, during the EIB’s annual press conference, that an announcement that the bank would give up lending to coal was “pure nonsense”. And this, despite the fact that Hoyer repeatedly referred to the EIB as a frontrunner in the fight against climate change.
Read moreThese EU citizens have better ideas for EU funds
22 February, 2013
Our competition for ideas for EU funds investments that benefit the sustainable development of European communities could offer inspiration for EU and national decision makers. At the final award ceremony in Brussels, the winners told us about their ideas and how EU funding could benefit their countries.
Read moreConstant dripping wears away the stone. Kyrgyz parliament votes to renegotiate Kumtor gold mine contract.
21 February, 2013
Challenging a mining operation that generates about ten percent of GDP in a country and particularly doing so on environmental and social grounds is an intimidating task. But as the example of the Kumtor gold mine in Kyrgyzstan shows, indefatigability and scientific expertise can persuade decision-makers to defend the interests of a country and its people.
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