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News

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.

Transforming development finance? Europe’s multilateral lenders fail on aid transparency

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June 4, 2015 | Read more

The recently published 2015 Aid Transparency Review concludes that the European Union is off track from meeting its aid transparency commitments. Europe’s two multilateral development banks are indicative of the altogether rather disappointing outcome.

Eighty hectares of forest still standing in the lignite county of Gorj, court rules

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May 20, 2015 | Read more

Bucharest – Another environmental permit for the deforestation of 80 hectares of forest has been cancelled by a Bucharest court, following a Bankwatch Romania petition. The decision curtails plans to expand a lignite quarry in the Gorj county.

Civil society groups form ‘Better Regulation’ Watchdog to protect citizen, worker and consumer rights

May 18, 2015 | Read more

Brussels, 18 May 2015 – More than 50 civil society organisations have joined forces to create the ‘Better Regulation Watchdog’ – a network to protect citizens’, workers’ and consumers’ rights. The network was launched today in Brussels, one day ahead of the expected announcement of the European Commission’s so-called ‘Better Regulation’ reforms.

Europe’s Caspian gas dreams – a nightmare come true for human rights in Azerbaijan

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May 14, 2015 | Read more

As investors and officials are promoting a gas pipeline project from the Caspian Sea to Italy, the systematic repression of human rights in Azerbaijan is hardly on the official agenda. The Aliyev regime’s weakly veiled attempts to muzzle dissent illustrate how even the most repressive governments are acceptable partners for Europe’s pet energy projects.

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