Did the glimmer of gold blind the EBRD?
11 October, 2011
The European Bank for Reconstruction and Development has become a stakeholder in a company that is involved in gold mining in a UNESCO World Heritage site in Russia. Not only does this violate its own Environmental and Social Policy, but it also tells me a lot about the bank’s assessment of partner companies.
Read moreManagers of EBRD-funded Kolubara mines in Serbia arrested for embezzlement
4 October, 2011
Belgrade -16 current and former members of the management of Serbian state-owned energy company Elektroprivreda Srbija (EPS) were arrested today and yesterday across the country over allegations of embezzlement of company funds. Some of these are people that the European Bank for Reconstruction and Development (EBRD) has entrusted this summer with managing an 80 million Euros loan for the development of the Kolubara lignite fields near Belgrade.
Read morePotocnik says green economy, European public banks say black coal
3 October, 2011
The European Union’s internal and external ambitions for green economies are being countered by the activities of European international financial institutions. EU Commissioner for the Environment Potocnik can see that also in his home country Slovenia.
Read moreRight track, weak attitude. The EU’s Resource Efficiency Roadmap.
22 September, 2011
The European Commission this week published its ideas on how to build a resource efficient economy in Europe. Bankwatch’s resource efficiency expert Marijan Galovic thinks the roadmap’s focus is not wide enough yet.
Read moreResource Efficiency Roadmap must come with money from EU Budget
20 September, 2011
Brussels – The Resource Efficiency Roadmap published today by the European Commission envisages all kinds of right recommendations for Europe to become a renewable based, resource efficient economy but the actual value of this document depends largely on the EU budget.
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