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Pipeline mired in controversy gets half a billion euros from European development bank

Press release  |  July 4, 2018

Brussels, London, Rome, Prague – Today the European Bank for Reconstruction and Development (EBRD) has approved a loan of EUR 500 million for the multi-billion euro Trans-Adriatic Pipeline (TAP) [1], in spite of the project failing to conform to the bank’s own policies and the fervent local resistance following the 878-kilometre pipeline where it crosses land in Greece and Albania before arriving onshore in Italy.

A new budget for a new Europe

Page  |  January 1, 1970

For the European Union and its Member States to become more sustainable societies, the EU’s financial resources have to be spent towards consuming less energy and using resources more efficiently.

IEA call to public finance institutions: End of finance for new fossil fuel projects & massive scale-up of clean energy spending needed

Blog entry  |  October 14, 2021

Our energy systems are a long way from alignment with the pathway to stay below a 1.5°C rise in global temperatures, according to the International Energy Agency (IEA) World Energy Outlook 2021 report published yesterday.

As world leaders pledge to end coal, Serbia lets polluters continue illegal operations

Press release  |  November 5, 2021

The Serbian parliament is expected to allow top polluters, including its antiquated fleet of coal power plants, to operate without environmental permits for three more years, under amendments to legislation set to be adopted on Tuesday, 9 November.  

Major setback on transparency at the EIB

Press release  |  November 18, 2021

Yesterday, the European Investment Bank (EIB) – the financial arm of the EU – approved a new Transparency Policy that will allow the bank to keep hiding information on projects it finances despite their potential impacts on people and the environment.

Billions of EU funds wasted on dead-end investments

Press release  |  February 2, 2012

Brussels – Substantial environmental and social harm is being caused by controversial projects costing billions of euros of EU money, according to research published today by Friends of the Earth Europe and CEE Bankwatch Network.

Over 250 non-government organisations launch alternative vision for Europe

Press release  |  June 20, 2017

More than 250 non-government organisations from across Europe have today released an alternative vision for a more democratic, just and sustainable Europe.

Bankwatch report and video: Mongolia’s mining bonanza poses threat to locals and planet

Press release  |  January 30, 2012

A new report launched today by CEE Bankwatch Network, urgewald and OT Watch (1), following on-the-ground research in Mongolia, details the impact of the country’s mining boom on local populations, shedding light on the ignored side of one of the biggest business stories of today: Mongolia’s planned public offering of the state-owned Erdenes Tavan Tolgoi and the rights to one of the world’s largest untapped coal reserves. (2)

Marubeni and Alstom’s corruption records cast new doubts on Croatian coal project, warns new analysis

Press release  |  October 2, 2014

Zagreb — Japan’s Marubeni Corporation and France’s Alstom – who have together been chosen as the preferred bidding consortium for the Plomin C* coal power plant project in Croatia – have a poor integrity record including several convictions for corruption offences which should raise alarm bells and increase vigilance among the Croatian public and potential financiers of the project, according to a new paper by CEE Bankwatch Network, published today.

Planned contract for Plomin C coal plant most likely illegal state aid, says legal analysis

Press release  |  May 5, 2014

Zagreb, 05.05.2014 – A planned long-term power purchase agreement in which Croatian electricity company HEP will commit to buying at least 50% of electricity from the planned Plomin C power plant for 20-30 years will most likely be illegal under EU state aid rules, according to a new legal analysis by Hungary’s Environmental Management and Law Association (EMLA).

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