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Press release search results


EBRD investments in Ukrainian agro-giant MHP under investigation

2 February, 2023

After years of community complaints about the environmental and social damage caused by Ukrainian agro-giant Myronivsky Hliboprodukt (MHP), independent investigators are now looking into the role of international public finance in contributing to those harms. Considering the current food crisis, Ukraine’s important role in the global food supply chain and the prospect of more international investments to prop up Ukraine’s economy, it is time for financiers to learn the lessons of their past mistakes.

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280 million euros of North Macedonia’s public money going up in smoke

30 January, 2023

North Macedonia’s government, through the state-owned energy production company AD ESM, has spent hundreds of millions of euros on imports of coal, heavy oil and fossil gas to keep the country’s fragile energy system going during the energy crisis. The result is a significant increase in emissions of air pollutants and serious damage to the environment and public health.

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Solar-powered district heating is the breath of fresh air Pljevlja residents deserve

25 January, 2023

Speeding up investments in a sustainable district heating system powered by solar energy would not only help cut greenhouse gas emissions and heating bills; it would actually save lives.

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How many elephants does it take to build a gas pipeline?

23 January, 2023

In October 2022, the EBRD published no fewer than eight environmental and social assessments on the Greece – North Macedonia fossil gas pipeline for public consultation. Thousands of pages analyse every nook and cranny along the planned route, but fail to notice the elephant in the room: the project’s massive greenhouse gas emissions.

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Romania U-turns on decarbonisation to expand a lignite mine in Gorj and wipe out 106 hectares of forest

13 January, 2023

The Romanian government is again acting contrary to its EU commitments.

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