EBRD energy lending report: conflicting investments end up contradicting climate science
17 May, 2012
London – Almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels, according to a report issued today by CEE Bankwatch Network. Support for coal, oil and gas must be discontinued altogether, argues Bankwatch, if the bank’s commendable efforts on increasing financing for renewables and energy efficiency are to have a positive impact in the global fight against climate change.
Read moreThe European Investment Bank is not ready for a capital increase, NGOs say
15 May, 2012
Brussels – As EU Ministers of Finance are currently gathering at the Annual General Meeting of the European Investment Bank (EIB) to discuss a possible capital increase, civil society organisations that monitor the EIB say the bank is not ready for such a move.
Read moreThe writings on the European Parliament’s wall: Make the EIB choose a brighter future
15 May, 2012
Ahead of the European Investment Bank’s annual meeting, Counter Balance and Bankwatch have chosen an unconventional way to remind the EIB shareholders of the bank’s chequered track record.
Read moreVideo projected on the European Parliament questions potential European Investment Bank’s capital increase
14 May, 2012
Brussels – On Monday night a video was projected on the building of the European Parliament which denounced the unsustainable energy portfolio of the European Investment Bank (EIB). The 1 minute video concluded with: “Make the EIB chose a brighter future before increasing its capital”, a message for EIB governors which gather Tuesday 15 May in Brussels during the bank’s Annual General Meeting. The main topic will be a possible capital increase of the EIB.
Read moreThe medium-sized EIB bazooka – Europe’s people and environment must benefit this time around
11 May, 2012
As it begins to dawn on Europe’s elite that fiscal austerity is not working after all, the European Investment Bank is once again the talk of the EU as decision-makers scramble to stimulate national economies that are hemhorraging jobs and living standards – and hope – across the continent.
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