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New report: institutionalised corruption in Romania’s third largest company

July 12, 2016 | Read more

Counter Balance and its partner Bankwatch have launched a new report exploring corruption cases in Romania’s third largest company. The Oltenia Energy Complex (OEC) is a key player in the energy sector in Romania and today operates ten lignite mines and four power plants. Supposed recipient of a EUR 200 million loan from the European Bank for Reconstruction and Development (EBRD), OEC stands out for a long list of corruption scandals collected in the last decade.

EU budget review must enhance European climate action

July 7, 2016 | Read more

The European Commission must listen to the European Parliament calling for an EU budget that works for people and planet – according to CEE Bankwatch Network, Friends of the Earth Europe and Climate Action Network (CAN) Europe.

Less is more: Romanian energy trajectory shows potential for low carbon economic growth – report

July 6, 2016 | Read more

Romania could well be on path to a sustainable, prosperous economy if decision makers acknowledge growing GDP in tandem with dropping energy demand, a report released today by Bankwatch Romania argues.

New mudflow hits Georgian village as rainy season reveals poor assessment of hydropower plans

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July 5, 2016 | Read more

As rains cause mudflows in Georgia’s mountains, locals from different regions unite to protest hydropower developments in geologically unstable areas.

Campaign update: Georgian mountain communities consider restoring long abandoned tradition to tackle threats to their land

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June 29, 2016 | Read more

With hydropower and mining projects encroaching on their lands and livelihoods, Svan communities in Georgia’s northwest consider convening in an ancestral assembly to discuss their course of action.

Campaign update: environmental and health impacts of Serbian planned coal power plant Kostolac B3 discussed in court hearing

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June 28, 2016 | Read more

The possible cancellation of the Serbian government’s decision to construct a new 350 MW unit at the Kostolac B lignite power plant was discussed on June 23 at the national administrative court of Serbia.

New damage to hydropower project a bleak reminder of development bank missteps in Georgia

June 27, 2016 | Read more

On June 23 mudflows from the Devdoraki glacier again hit the Dariali gorge and washed away a road and infrastructure connected to two hydropower projects planned in the north of Georgia. The destruction included the water intake for the 19 megawatt Larsi hydropower plant and the derivation pipes for the Dariali hydropower plant.

Guest post: Municipalities are crucial for citizen-owned renewable energy in the Czech Republic

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June 21, 2016 | Read more

Czech environmental and law groups have proposed a law amendment to revive the disadvantaged renewable energy sector in their country. Karel Polanecky from Bankwatch member group Hnuti Duha explains their initiative.

Croatia to drop controversial coal plant project, confirms minister

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June 14, 2016 | Read more

The Croatian Minister for Economy, Tomislav Panenić, yesterday confirmed that the 500 MW Plomin C coal plant project has been stopped.

The EU house bank is holding back Europe’s shift to sustainable energy

June 14, 2016 | Read more

On the occasion of the EU Sustainable Energy Week, a new Bankwatch analysis shows that the European Investment Bank (EIB) has been effectively hindering Europe’s energy transition.

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