Expert assessment of Alstom’s business ethics
January 4, 2013
The French energy and transport conglomerate Alstom is one of the seven finalists for the People’s Public Eye Awards 2013. This assessment – done by experts from the Institute for Business Ethics of the University of St. Gallen, Switzerland – takes a look at international treaties and Alstom’s conduct in relation to them.
Bankwatch input for the review of the European Investment Bank’s energy lending policy
December 30, 2012
In Autumn 2012, the European Investment Bank has launched a process of reviewing its energy lending policy in order to align it better with EU climate goals. Bankwatch’s comments lay out the case for fossil fuels to ‘fall out’ of the EIB’s future energy lending policy – and for an overall more ambitious, and substantially more climate-sensitive EIB energy policy.
No excuses for the EIB to finance Sostanj
December 21, 2012
Ljubljana — The Slovenian parliament has ratified today – in an extraordinary session, right before the start of the Christmas holidays – the state guarantee contract between the European Investment Bank and the Slovenian government for a 440 million euros loan for the construction of a new coal unit at Sostanj.
Plomin coal power plant, Croatia
December 18, 2012
CANCELLED: after five years of campaigning, plans for Plomin C were dropped in 2016. Croatian plans to more than double the capacity of the Plomin coal power plant would have resulted in increased carbon-emissions for several decades. The project’s profitability was questionable and the plans were facing local opposition and conflicting regional legislation.
NGO voting recommendations: Connecting Europe Facility Regulation 2014-2020
December 17, 2012
This briefing highlights the opportunity to improve key aspects of the Connecting Europe Facility Regulation on transport to ensure better coherence with EU priorities, to move towards a low carbon and resource efficient transport sector, which is economically and environmentally sustainable. If offered concrete recommendations for Members of the European Parliament’s ITRE-TRAN committee for the voting on December 18, 2012.
NGO voting recommendations: TEN-T Guidelines for 2014-2020
December 17, 2012
This briefing highlights the opportunity to improve key aspects of the trans-European transport network (TEN-T) Guidelines to ensure better coherence with EU priorities, to move towards a low carbon and resource efficient transport sector, which is economically and environmentally sustainable. If offered concrete recommendations for Members of the European Parliament’s TRAN committee for the voting on December 18, 2012.
EIB energy policy review – Time to lock out climate destructive investments for good
December 14, 2012
The European Investment Bank (EIB), the EU’s bank and also the biggest public financial institution in the world by lending volume, has launched a public consultation on its energy policy and is seeking views from the public and other stakeholders that should feed into a review of one of the EIB’s most crucial lending sectors. The new policy is expected to take effect from June 2013.
EBRD mulls latest mega-corp support – for Monsanto
December 14, 2012
Monsanto, the world’s largest seed producer and one of the most well-known promoters of genetically modified crops worldwide, is in line to receive USD 40 million of public financial support from the European Bank for Reconstruction and Development (EBRD), the bank disclosed last month.
Thanks a trillion! EU budget summit fails – but green spending hopes still alive
December 14, 2012
It was no surprise when the European Council summit meeting dedicated to deciding the EU’s budget for 2014-2020 broke down in Brussels on the afternoon of November 23 with no deal having been reached. The main surprises were how early on the Friday afternoon the EU’s 27 member states decided enough was enough, as well as the relative lack of rancour on display.
Bankwatch gearing up for the ‘business end’ of the 2014-2020 EU funding period
December 14, 2012
There will be MFF 2014-2020 closure, in some shape or form, and presumably at some stage in 2013 – at least, that is, when it comes to the European level negotiating and haggling over the future EU budget. But what comes after? With our long-term EU Funds partners Friends of the Earth Europe, Bankwatch is organising a series of timely events to remind how sustained and constructive dialogue between official institutions and citizens can result in highly rewarding initiatives – all derived from EU budgetary spending.
