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News

UPDATED: A guide to examining the European Investment Bank’s energy lending portfolio

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July 17, 2013 | Read more

A thorough check of the European Investment Bank’s energy lending data shows that not all is as rosy as the EIB would like to see it. We’ve paired up with Open Spending to provide an introduction into how to interpret and scrutinise the numbers.

The EIB and development, a chance to clean up the bank’s act

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July 11, 2013 | Read more

The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements.

Environment ‘hollowed-out’ of future Cohesion Policy – NGOs slam EP vote

July 10, 2013 | Read more

Brussels, July 10, 2013 – The green potential of a third of Europe’s budget for 2014-2020 has been hollowed-out following a vote in the European Parliament today, according to Bankwatch and Friends of the Earth Europe. The committee for regional development (REGI) has approved proposals to reform EU Structural Funds – money intended to improve the economic well-being of regions – which include a last-minute shift from legally-binding to voluntary environmental spending.

Democratising Cohesion Policy – Slovakia not ready to put EU funds spending in citizens’ hands

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July 10, 2013 | Read more

With today’s approval of the watered down proposals to reform EU Structural Funds in the European Parliament’s committee for regional development (see our press release), EU decision makers have taken a step away from ambitious environmental spending in the future Cohesion Policy. At the same time also national level allocation of the 2014-2020 funds is starting to take shape. But efforts to get the funds working sustainably for, and on behalf of, needy local communities are being thwarted in Slovakia – for a range of all too familiar reasons.

Decisive European Parliament Vote on the future Cohesion Policy expected tomorrow

July 9, 2013 | Read more

Brussels, July 9, 2013 – The European Parliament’s committee for regional development (REGI) will vote tomorrow on the European Commission’s proposals to reform EU Structural Funds. If approved, the watered-down text will significantly dampen Europe’s potential to promote renewables and energy savings, according to Bankwatch and Friends of the Earth Europe.

Is the Latvian success story over? Good public participation practices in EU funds planning in Latvia turns sour

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July 8, 2013 | Read more

So far the planning for Latvia’s use of the EU funds for the 2014-2020 period has been a reasonably positive experience from a partnership perspective. Yet the process that has, until recently, been notable for its transparency and high level of public participation is now in danger of being derailed.

The EBRD’s silent shale gas coup in Tunisia

July 8, 2013 | Read more

Tunis — On 9 July the European Bank of Reconstruction and Development will decide on a USD 60 million loan to Serinus Energy for a project to develop four oil and gas fields in Tunisia, which is also likely to include drilling for shale gas. Twenty groups in Tunisia and Europe are calling on the EBRD to reject the loan or at least postpone the decision until further studies are prepared.

The EU’s bank is less ambitious than the US in restricting energy from coal

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July 5, 2013 | Read more

It may have been easy in the past for Europeans to bash the US for being retrograde when it comes to climate policies, but after last week it will get more difficult to do that.

Complaint to EBRD highlights negative impact of mining on Mongolian herders

July 4, 2013 | Read more

Ulaanbaatar, 04 July 2013. A group of Mongolian herders submitted today an official complaint to the Project Complaints Mechanism of the European Bank for Reconstruction and Development (EBRD), hoping to initiate a process of evaluation of the adverse impacts on their health and livelihoods of two mining projects financed by the international public lender.

[Campaign update] Kolubara landslide: Images of devastation, people waiting for compensation

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July 3, 2013 | Read more

People in Junkovac (Serbia) are still waiting for information on how they will be compensated after a landslide connected to the Kolubara lignite mine has destroyed several houses and terrified the town one month ago.

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