Is the EIB cooling climate change or fueling it? New report sceptical about EU bank’s investments in renewables
2 June, 2005
With the European Commission sponsored Green Week underway in Brussels, a new study has found that the European Investment Bank’s commitment to investing in renewable energy is in serious doubt owing to the EIB’s opaque information procedures and its definition of renewable energy projects.
Read moreWorld Bank Spins Renewable Energy Conference. Ignores Extractive Industries Review. Continues Oily Business As Usual.
3 June, 2004
Environmentalists and development advocates today decried the World Bank’s announcement of support for renewable energy as mere spin. Stating that the proposed increase is marginal at best and does nothing to address the Bank’s ongoing bias towards fossil fuels, the groups called on the Bank to adopt the recommendations of its own studies and phase out support for coal and oil while dramatically increasing its support for renewable energy.
Read moreGeorgians demand action to save their homes from oil pipeline. Official complaint to IFC reveals shocking BTC negligence
16 March, 2004
Residents of Rustavi, Georgia’s third city, have today submitted an official complaint to the International Finance Corporation (IFC) concerning the potentially disastrous construction of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline only 250 metres from a settlement of high-rise buildings. [1] The residents are taking this step following a prolonged period of uncertainty for them and their homes, a lack of information and response from officials in Georgia and violent intimidation from the regional police force.
Read moreReligious leaders urge World Bank president to support Extractive Industries Review
17 February, 2004
Over 100 Jewish and Christian leaders sent a letter to World Bank President James Wolfensohn today urging him to support full implementation of recommendations in the recently released report Striking a Better Balance: The Extractive Industries Review.
Read moreBTC pipeline court case in Tbilisi, Georgia on January 20
15 January, 2004
The democratic values of Mikhail Saakashvili’s Georgia will come under scrutiny next week when Georgian environment group Green Alternative brings legal proceedings against the Georgian government and the Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co).
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