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Energy Union benefits are full of paradoxes in the land of Kafka

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July 30, 2015 | Read more

More clarity is needed regarding the Energy Union’s priorities for the Czech Republic.

Guest post: Behind the glitz of oil riches – the shrinking space for democracy in Azerbaijan

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July 29, 2015 | Read more

Last week, the European Bank for Reconstruction and Development approved a loan over half a billion dollars for Lukoil’s share in the Shah Deniz gas field in Azerbaijan. In this guest post, rights activist Emma Hughes from Platform reflects on how business as usual resumes after the media attention on Azerbaijan’s human rights abuses has faded.

European funding for a Lukoil gas project in Azerbaijan tramples the EU’s commitment to both climate action and human rights

July 23, 2015 | Read more

A USD 500 million loan for the share of Russian gas giant Lukoil in a major gas project in Azerbaijan has been approved yesterday by the Board of Directors of the European Bank for Reconstruction and Development (EBRD). Yet, the decision will significantly hinder Europe’s commitments to decarbonise as well as to advance democracy.

Slovakian dam project is a warning sign for Juncker’s investment drive

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July 22, 2015 | Read more

The European Parliament will soon be voting on a Scoreboard that will help assess candidate projects to the EUR 21 billion European Fund for Strategic Investment (EFSI). Stringent economic, social and environmental criteria are a paramount need for ensuring investments that contribute to a more sustainable Europe.

Resavica: Serbia’s canary in the coal mine

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July 13, 2015 | Read more

After decades of powering Serbia it seems the coal business in the country is on life support. Yet policymakers in Belgrade refuse to consider alternative sources of energy.

MEPs challenge EU financial support for Ukraine’s Soviet-era nuclear fleet

July 1, 2015 | Read more

Twenty-five Members of the European Parliament (MEPs) have signed a letter today urging the European Bank for Reconstruction and Development (EBRD) and Euratom to suspend their financial support for Ukraine’s ageing nuclear reactors until the potential environmental impacts of their prolonged operation in Ukraine and on neighbouring countries are fully assessed. The letter is available on the Bankwatch website.

Romanian environmental inspectorate orders closure of two coal plants operating outside EU pollution laws

June 30, 2015 | Read more

Last week the Environmental Inspectorate in Hunedoara, Romania demanded the closure of two thermal power plants at Mintia and Paroşeni, because neither of the units complies with air quality requirements of the EU’s Large Combustion Plants Directive (LCPD). Hunedoara Energy Complex, which manages the Mintia and Paroşeni plants, has challenged the decision in court.

European Parliament approves Juncker Investment Plan, lacks guidance and oversight

June 25, 2015 | Read more

Today the European Parliament approved the regulation establishing the European Fund for Strategic Investments (EFSI) at the heart of President Juncker’s EUR 315 billion investment plan. But critics say that the regulation lacks clear provisions for oversight of the fund and guidance for investments in green, sustainable and resource-efficient projects that are part of the fund’s mandate.

After Slovenia’s Sostanj coal power plant debacle, is any bank going to finance Croatia’s Plomin C?

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June 12, 2015 | Read more

Slovenia’s newly built Sostanj 6 is expected to generate losses of around EUR 200 million over the next 3-4 years. Given that Croatia’s Plomin C project shares some of Sostanj 6’s features could Croatia be about to repeat its neighbour’s mistakes?

Azeri regime stifles criticism ahead of European Games. European lender must finally take measures.

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June 10, 2015 | Read more

UPDATE 1 12h CET 12 June 2015 Platform have taken to the streets of London to protest the opening of the European Games. See a video of the action below, and read more in their book published Friday, All that glitters, which explores how the European Games belong to the Aliyev regime and the British oil company BP and how sport is being co-opted in the service of a dynasty and fossil fuels. ––––

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