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News

First court case against coal power plant construction in Serbia

June 2, 2014 | Read more

Belgrade — NGO CEKOR submitted a formal complaint in front of the Serbian national administrative court against the government’s decision to approve an Environmental Impact Assessment study for the construction of a new unit at the Kostolac B coal power plant. The complaint, in which the NGO exposes failings in the EIA process, is the first of its kind to reach Serbian courts.

When water mixes with coal – The impacts of the floods in Serbia on people living next to lignite mines

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May 30, 2014 | Read more

People living next to the Kolubara lignite mine in Serbia have suffered more under the floods due to the vicinity of the mine. Their demands for resettlement and compensation have now become more urgent than ever.

More repression, more money – Financing transition in Egypt

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May 27, 2014 | Read more

New cases of arbitrary repression against civil society happened in the run-up to the presidential elections in Egypt. A look at the loans so far approved by the European Bank for Reconstruction and Development suggests that those in power have been more successful in receiving the bank’s support.

Who is Jan Kulczyk, the man behind Serinus Energy?

May 19, 2014 | Read more

In the summer of last year, the European Bank for Reconstruction and Development (EBRD) approved a 60 million euro loan to Serinus Energy for financing the development of four oil and gas fields in Tunisia (Sabria, Chouech Essaida, Ech Chouechand Sanrahr) between 2013 and 2017.

Pinocchio to deliver letters to Kulczyk

May 16, 2014 | Read more

This Friday, 16th May at 2.00 pm, petitions to Jan Kulczyk, appealing for his withdrawal from plans to build Elektrownia Północ (‘North’) Power Plant in Pomerania, Poland, will be passed on to Mr. Piotr Maciolek, chairman of Elektrownia Północ Power Plant company, owned by Kulczyk Investments Group. The petitions, signed by over 8200 people, will be delivered by an exceptional guest – Pinocchio.

Guest post: EBRD justification for supporting coal in Egypt’s cement industry is negligent

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May 15, 2014 | Read more

Colleagues from the Egyptian Centre of Economic and Social Rights criticise the European Bank for Reconstruction and Development’s too lax approach when examining its activities in Egypt’s cement sector.

Balkan lynx stage protest at annual meeting of European Bank for Reconstruction and Development

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May 15, 2014 | Read more

A delegation of 20 lynx from Mavrovo National Park in Macedonia today occupied a corridor in the Polish National Stadium in Warsaw, where the EBRD Annual General Meetings are taking place 14-15 May. Their message: “EBRD, don’t finance the Boskov Most dam, as it will destroy the forest in which we live and eventually kill us.” The 20 delegates from Mavrovo Park constitute almost half of the little over 50 lynxes which still survive in the park today (the Balkan lynx is an endangered species).

Funny business at EBRD meeting: sustainability champion Garanti fancies coal

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May 14, 2014 | Read more

The Turkish Garanti Bank, one of the winners of the Sustainability Awards of the European Bank for Reconstruction and Development is among the main coal investors in Turkey.

Bankwatch analysis of EBRD operations in CEE at 25 years since the fall of the Berlin Wall

May 14, 2014 | Read more

Warsaw – As the EBRD celebrates 25 years since the fall of the Berlin Wall and the benefits it has brought to its countries of operation in the post-socialist space, a new Bankwatch report criticises the bank for having systematically promoted a „markets above all” approach, which has often put democratic and environmental concerns on the back burner, and occasionally proved straightforwardly detrimental to the region. The Bankwatch analysis is available for download here: https://bankwatch.org/EBRD-stuck-in-market

Planned contract for Plomin C coal plant most likely illegal state aid, says legal analysis

May 5, 2014 | Read more

Zagreb, 05.05.2014 – A planned long-term power purchase agreement in which Croatian electricity company HEP will commit to buying at least 50% of electricity from the planned Plomin C power plant for 20-30 years will most likely be illegal under EU state aid rules, according to a new legal analysis by Hungary’s Environmental Management and Law Association (EMLA).

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