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News

The EU bank’s dubious overseas development experience shows it cannot be a key player in Europe’s response to the plight of refugees – report

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November 18, 2016 | Read more

The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house bank has been financing outside Europe to find a dismal track record on a range of issues from transparency to human rights. This, the report authors say, should serve as a warning sign for the European Parliament and Council as they consider boosting the bank’s mandate.

The sound and the fury: new film documents the plight of communities near Romanian coal plant

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November 16, 2016 | Read more

Oppressive noise and a cloud of dust engulf the residents of Roșia de Jiu and Rogojel, villages located next to Romania’s Rovinari power plant. In a new video, Bankwatch Romania has documented the toll that producing coal energy is having on these communities that live near the lignite mines, transport belts and power plant at Rovinari.

Deceptive promises of new jobs in the coal sector don’t help workers, communities or the climate

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November 14, 2016 | Read more

Now is the time for southeast Europe to start an inclusive and just transition away from lignite, argues new Bankwatch research.

Overblown job promises in southeast Europe’s coal sector show the need for a just transition – report

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November 14, 2016 | Read more

Promises for new jobs in south-east Europe’s coal sector are exaggerated, a new Bankwatch report reveals. Hardly any coal operations across the region are economically viable, and as a result many coal workers, especially in the mines, are set to lose their jobs, even if the plans for countless new power plants materialise. Governments, coal workers and their wider communities need to work together towards a just transition.

New cases at UN and EU bodies against Ukraine’s prolongation of nuclear licenses

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November 8, 2016 | Read more

As pressure from civil society and governments is mounting, UN and EU bodies acknowledge Ukraine’s lack of accountability for plans to extend the lifetime of its nuclear fleet. The country could be found in breach of international law. Once again.

New South East Europe NGO scorecard report shows mixed progress towards a sustainable energy sector

November 8, 2016 | Read more

Progress – albeit uneven – is being made towards increasing sustainability in South East Europe’s energy sector, according to a new scorecard report launched today by a group of NGOs. CO2 emissions, electricity losses and energy intensity have all seen decreases in most countries in the region, but less progress has been made on increasing the share of solar and wind energy and tackling corruption.

Historic win for frontline communities: plans for coal power project in Turkey shelved

October 31, 2016 | Read more

Communities in Aliağa, Turkey, who have been resisting the construction of coal power plants in the region for decades, have achieved a significant victory. Azerbaijan’s state-owned energy company SOCAR, has decided to shelve plans to construct an integrated 672 MW coal power plant in Aliağa, İzmir.

[Campaign update] Independent monitoring shows massive air pollution near Bosnian lignite plant

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October 28, 2016 | Read more

Air pollution in the town of Tuzla, Bosnia and Herzegovina was above legally allowed limits on twelve of 20 consecutive days as measurements made by Bankwatch and the Tuzla-based environmental group Center for Ecology and Energy show.

Azerbaijan’s crackdown on civil society must not be tolerated, international NGOs tell industry transparency body

October 25, 2016 | Read more

The Azerbaijani government’s relentless repression of civil society should disqualify the country from participating in the Extractive Industries Transparency Initiative (EITI), 18 international groups wrote in a letter sent on Thursday (October 20) to members of the EITI board.

Lawsuits and complaints pile up against planned Bosnia and Herzegovina coal power plants

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October 17, 2016 | Read more

Sarajevo-based environmental watchdog Ekotim has submitted on Friday (October 14) an official complaint to the Energy Community dispute settlement mechanism (1) due to lax pollution limits for a new Chinese-backed 450 MW unit at the Tuzla coal power plant in Bosnia and Herzegovina.

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