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Home > News

News

Slovakian dam project is a warning sign for Juncker’s investment drive

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July 22, 2015 | Read more

The European Parliament will soon be voting on a Scoreboard that will help assess candidate projects to the EUR 21 billion European Fund for Strategic Investment (EFSI). Stringent economic, social and environmental criteria are a paramount need for ensuring investments that contribute to a more sustainable Europe.

Resavica: Serbia’s canary in the coal mine

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July 13, 2015 | Read more

After decades of powering Serbia it seems the coal business in the country is on life support. Yet policymakers in Belgrade refuse to consider alternative sources of energy.

MEPs challenge EU financial support for Ukraine’s Soviet-era nuclear fleet

July 1, 2015 | Read more

Twenty-five Members of the European Parliament (MEPs) have signed a letter today urging the European Bank for Reconstruction and Development (EBRD) and Euratom to suspend their financial support for Ukraine’s ageing nuclear reactors until the potential environmental impacts of their prolonged operation in Ukraine and on neighbouring countries are fully assessed. The letter is available on the Bankwatch website.

Romanian environmental inspectorate orders closure of two coal plants operating outside EU pollution laws

June 30, 2015 | Read more

Last week the Environmental Inspectorate in Hunedoara, Romania demanded the closure of two thermal power plants at Mintia and Paroşeni, because neither of the units complies with air quality requirements of the EU’s Large Combustion Plants Directive (LCPD). Hunedoara Energy Complex, which manages the Mintia and Paroşeni plants, has challenged the decision in court.

European Parliament approves Juncker Investment Plan, lacks guidance and oversight

June 25, 2015 | Read more

Today the European Parliament approved the regulation establishing the European Fund for Strategic Investments (EFSI) at the heart of President Juncker’s EUR 315 billion investment plan. But critics say that the regulation lacks clear provisions for oversight of the fund and guidance for investments in green, sustainable and resource-efficient projects that are part of the fund’s mandate.

After Slovenia’s Sostanj coal power plant debacle, is any bank going to finance Croatia’s Plomin C?

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June 12, 2015 | Read more

Slovenia’s newly built Sostanj 6 is expected to generate losses of around EUR 200 million over the next 3-4 years. Given that Croatia’s Plomin C project shares some of Sostanj 6’s features could Croatia be about to repeat its neighbour’s mistakes?

Azeri regime stifles criticism ahead of European Games. European lender must finally take measures.

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June 10, 2015 | Read more

UPDATE 1 12h CET 12 June 2015 Platform have taken to the streets of London to protest the opening of the European Games. See a video of the action below, and read more in their book published Friday, All that glitters, which explores how the European Games belong to the Aliyev regime and the British oil company BP and how sport is being co-opted in the service of a dynasty and fossil fuels. ––––

Italian mayor stands up against EU priority gas pipeline

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June 8, 2015 | Read more

Local opposition against the Trans-Adriatic gas pipeline (TAP) is growing as an Italian mayor made clear in an open letter to the European Commission and European public banks.

Will energy efficiency be sidelined in the Energy Union’s implementation?

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June 8, 2015 | Read more

EU energy ministers are meeting in Brussels today to discuss the implementation of the Energy Union. Looking at what has been discussed so far, the strategy may not prioritise energy efficiency enough to help Europe become climate-friendly.

Illegal coal subsidies could cost south-east European countries dearly, warns new study

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June 8, 2015 | Read more

Prague – New investments in coal mines and power plants could cost the Western Balkans and Ukraine dearly if they fail to take into account binding rules on subsidies (State aid), according to a new briefing released today by CEE Bankwatch Network.

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