May 28, 2013 | Read more Today we’re relieved in Zagreb as one energy project that could have had a destructive impact on Croatia’s future has lost its financing and thus its chances of going ahead are drastically reduced: I’m speaking about the infamous Ombla dam, a project for an underground hydropower plant that would have practically destroyed a protected area close to Dubrovnik.
May 28, 2013 | Read more Zagreb, May 28 – Croatian electricity company HEP and the European Bank for Reconstruction and Development (EBRD) have cancelled a EUR 123 million loan contract for the controversial Ombla underground hydropower plant near Dubrovnik, HEP has announced yesterday. The EBRD financing would have covered the biggest bulk of the EUR 152.4 million estimated to be needed for construction.
May 27, 2013 | Read more On Wednesday 29 May the European Bank for Reconstruction & Development (EBRD) will vote on whether to make a $40 million loan to Kuwait Energy to drill and extract oil in Egypt. Egyptian and international organisations are pushing the board of the public multilateral bank to reject the loan – or at least postpone its decision.
May 23, 2013 | Read more Just as Bankwatch published a new infographic juxtaposing the European Investment Bank’s beneficial and harmful energy lending, Europe’s political leaders have set a priority for energy investments to phase out fossil fuel subsidies and focus on clean energy instead.
May 23, 2013 | Read more The European Investment Bank, the house bank of the European Union, which directs a fifth of its annual lending portfolio of 60 to 70 billion euros to energy projects, is currently reviewing the policy document that guides its lending to the power sector. On this occasion, Bankwatch is publishing a poster of positive and negative examples of the bank’s lending to energy projects.
May 21, 2013 | Read more Energy efficiency has now become a priority for EU funding in the Czech Republic for the forthcoming 2014-2020 budgetary period.
May 16, 2013 | Read more With the final negotiations aimed at sealing agreement on the EU budget for 2014-20 now underway, environment NGOs are warning that a last minute amendment aimed at permitting EU subsidies for fossil fuels that are devastating for the climate must be rejected by negotiators of the future EU Cohesion Policy’s regional development funds.
May 14, 2013 | Read more The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch’s EBRD campaign team to react.
May 13, 2013 | Read more Despite having a slew of good reasons not to support the damaging Ombla hydropower plan in Croatia, the European Bank for Reconstruction and Development still didn’t confirm during recent meetings that it would withdraw from the project.
May 13, 2013 | Read more People from the Kolubara mine basin in Serbia have many stories to tell about the hardships they face due to the lignite mining operations. Serbian Bankwatcher Nikola Perusic adds his account to two stories in the guardian and in Bankwatch Mail 56.
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