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News

Guest post: Italian mayors protest against the Trans Adriatic Pipeline

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September 22, 2015 | Read more

Local opposition in Italy to the Trans Adriatic Pipeline (TAP) is mounting. During a business event organised last week, a dozen mayors staged a protest against the government’s support for the project, who together with civil society and local authorities fear that the pipeline will destroy the environment and the safety of their communities. Instead they are demanding that EU drop the project.

Bankwatch and Counter Balance statement on the adoption of the European Investment Bank Climate Strategy

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September 22, 2015 | Read more

“As Europe prepares to host the seminal UN climate summit in Paris at year’s end, the EU’s house bank is turning away from its commitment to finance the bloc’s climate action.

Slovenia and the Energy Union: clash in priorities, renewables as collateral damage

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September 17, 2015 | Read more

A leaked document, published here for the first time, that outlines the Slovenian government’s priorities for the EU’s Energy Union reveals a potential conflict with what the European Commission has on offer. Yet, neither promises ambitious strides towards more renewables.

Images and graphs: Large-scale agribusiness in Ukraine and local communities

September 14, 2015 | Read more

Ukraine’s agriculture was the only sector in the country to grow in 2014. International investors are happy to point this out – and the role they are playing in financing these investments. Our investigation, however, shows that cheap Ukrainian food products are coming at the expense of severe impacts on local communities.

Rural communities in Ukraine bearing the brunt of unchecked agribusiness expansion, say two new reports

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September 14, 2015 | Read more

Residents in Ukraine’s southwest are facing environmental decline, intimidation and deteriorating quality of life as a result of the rapid emergence of Europe’s largest poultry farm, finds a report released today by CEE Bankwatch Network. Owned by Mironivski Hliboproduct (MHP), Ukraine’s biggest poultry producer, the Vinnytsia project has been enjoying hefty support from Europe’s public financial institutes and the World Bank, and plans to double the facility’s size are only likely to exacerbate its social and environmental impacts, shows another report released today by the Centre for Research on Multinational Corporations (SOMO).

Russian environmental organisation forced to choose between ‘foreign agent’ label and shutdown

September 11, 2015 | Read more

Yuzhno-Sakhalinsk, Russia – Sakhalin Environment Watch (SEW), Bankwatch member group in Russia’s far east, has been ordered by the Russian authorities to register itself as a ‘foreign agent’. The group rejects claims it is engaged in any political activity, and intends to contest the decision. If the decision is not repealed, the group will consider shutting down.

Slovakia and the Energy Union: Financing for fossil fuels

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September 10, 2015 | Read more

Similar to what we have seen in other countries, when it comes to concrete projects in Slovakia the Energy Union proposals are so far to a much larger extent aiming at security of (gas) supply than they are at decarbonisation.

Crédit Agricole violating own coal policies with new Croatian power plant support – new report

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September 10, 2015 | Read more

French bank Crédit Agricole’s support for a proposed major new coal plant project in Croatia is inconsistent with the bank’s climate ambitions and its own sector policy on coal-fired power plants, according to a new study released today. The analysis, by Friends of the Earth France and Croatia, Zelena Istra, CEE Bankwatch Network and BankTrack, screens the risks of the 500 megawatt Plomin C project proposed for development in the picturesque Istrian peninsula, a popular international tourist destination.

[Campaign update] Romanian government support for controversial power plant project to be made public, EBRD loan cancelled

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September 9, 2015 | Read more

Bankwatch’s Romanian chapter has been granted access to environmental information included in a letter sent by Romania’s Ministry of Economy in support of a loan from the Euoprean Bank for Reconstruction and Development (EBRD) to Oltenia Energy Complex (OEC), Bucharest’s administrative court ruled yesterday. The letter will shed light on the nature and extent of the government’s support for the project, and whether it was in line with EU regulations.

[Campaign update] Petition to clean up southeast Europe’s energy system

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September 7, 2015 | Read more

By now regular readers of the Bankwatch blog will know that the energy system in southeast Europe is corrupt, dirty and inefficient. But we now have an opportunity to change it.

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