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News

Change the lending, not the climate

December 2, 2009 | Read more

Bankwatch’s new report on the EIB’s fossil-heavy energy lending between 2002 and 2008 comes one week before the crunch global climate talks in Copenhagen, in preparation for which the international financial institutions have been flexing their rhetorical muscles.

Concerns mount over cyanide rush in Bulgarian mining projects, European Commission urged to intervene

December 1, 2009 | Read more

Two Bankwatch groups and the members of the Cyanide Free Bulgaria coalition outlined today at a press conference in Sofia the ongoing problematic issues hanging over the proposed introduction of controversial cyanide leaching at the Chelopech mining project and with the Bulgarian government’s handling of the environmental procedures for wider use of cyanide in mining projects across the country.

Violations at EBRD power lines project spark clashes between police and villagers in Ukraine

November 18, 2009 | Read more

A project financed by the European Bank for Reconstruction and Development (EBRD) in the Odessa region of Ukraine has this week been the scene of clashes between 300 police officers and villagers resisting the routing of high voltage power lines through their village. The EUR 25.8 million Odessa High Voltage Grid Upgrade project is being implemented by Ukraine’s national electricity company Ukrenergo in violation of agreements with the EBRD, the international public development bank and backer of the project.

Via Baltica – Another landmark victory for Polands nature, environmentalists remain vigilant

October 21, 2009 | Read more

Last night’s decision by the Polish Council of Ministers on a new routing for the Via Baltica expressway [1]has been welcomed by campaigners from CEE Bankwatch Network, BirdLife International, OTOP – BirdLife Poland and other environmental groups as major progress for the conservation of Poland’s unique nature and represents a significant step in the right direction towards the proper implementation of Polish and European environmental legislation.

New ‘homes’ in Serbian temporary settlements are still far from acceptable

gazela-FFM-2009.jpg

October 20, 2009 | Read more

On 31 August 2009 the inhabitants of the Gazela informal settlement in Belgrade were resettled to temporary accommodation at four sites outside of Belgrade. After a visit conducted by partner group CEKOR in September which found a number of important issues needing to be addressed, Bankwatch carried out a follow-up fact-finding mission on 6-8 October 2009.

Public consultations short-circuited for major Ukrainian power project, EBRD urged to stand up for communities and the environment

October 13, 2009 | Read more

A major power transmission project in Ukraine that seeks a EUR 175 million loan from the European Bank for Reconstruction and Development (EBRD) to facilitate the export of electricity from Europe’s biggest nuclear power plant across protected nature sites in the south of Ukraine is violating the EBRD’s procedures on public consultations, according to Bankwatch member group National Ecological Centre of Ukraine (NECU).

ArcelorMittal continues to pollute and uproot peoples lives

May 12, 2009 | Read more

ArcelorMittal needs to move beyond good intentions on environmental and social improvements and turn words into deeds. Despite its rhetoric on social responsibility, the company continues to destroy the environment, risk peoples lives and displace local communities, according to a new report launched today by the Global Action on ArcelorMittal coalition to coincide with the company’s annual shareholder meeting in Luxembourg.

Campaigners hail major victory as Polish government announces the saving of Rospuda Valley

March 24, 2009 | Read more

Today’s announcement by the Polish government that the Rospuda Valley, a Natura 2000 protected area, is not to be devastated by a major bypass road has been hailed by campaigners from CEE Bankwatch Network, OTOP – Birdlife Poland, Greenpeace Poland and WWF Poland as a major victory for the environment, for Polish and European law and for the general public interest.

Harnessing the EU recovery plan for green and accountable investments

EU-recovery.jpg

March 13, 2009 | Read more

The unprecedented economic crisis has the potential to provide a significant boost to the environment. Today, investing in a green economy and green jobs is seen as one of the top priorities for moving beyond the crisis. This unique window of political opportunity for the promotion of green investments should not be missed – and how European public money is to be used to get us out of these economic straits is on the line next week.

First tranche of EIB car “crisis” loans requires scrutiny, warn Bankwatch and Greenpeace

March 12, 2009 | Read more

The European Investment Bank (EIB) has today extended EUR 3 billion in soft loans to eight European carmakers for the development and production of cleaner vehicles. CEE Bankwatch Network and Greenpeace call on the EIB to ensure that money goes to initiatives with a true impact on cutting carbon emissions from cars and not just to small-scale greenwash projects.

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