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Serbia pushes ahead with beleaguered coal plant at Kostolac

Press release  |  November 20, 2017

For the third time, Serbia has announced that construction will start at Kostolac B3, in spite of problems at the project persisting since the start of the permitting process.

In times of crisis – Poland’s take on the Emperor’s New Clothes

Blog entry  |  September 9, 2011

Poland has made a worrying proposal on public private partnerships that could risk the future stability of European economies by turning a blind eye to future public debt. But the EU would do well to take the British example as an eye opener.

Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime

Press release  |  September 6, 2017

Revelations about the Azerbaijani Laundromat corruption scheme raise serious concerns over the EU’s intensifying relationship with the government in Baku and its readiness to turn a blind eye to the country’s human rights abuses and offer loans of millions of euros to a massive gas infrastructure project that would fill the pockets of the Azerbaijani corrupted elite.

Western Balkan countries invest more than twice as much in coal as in wind power: new Bankwatch analysis

Press release  |  May 26, 2016

Western Balkan countries are planning investments in wind power, but these are being heavily outweighed by their investments in coal plants, according to a CEE Bankwatch Network analysis launched today. The region’s governments are actively planning 2800 MW of new coal plants but allowing only around 1166 MW of wind power plants to be built.

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

Press release  |  September 11, 2015

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 If the decision is not repealed, the group will consider shutting down.

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

Press release  |  September 10, 2015

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.

Investigation launched into Mongolian iron ore mine financed by European Bank for Reconstruction and Development for impacts on local communities

Press release  |  September 3, 2015

Updated September 10, 2015* Amsterdam/Ulaanbaatar/Prague – Last week, the independent accountability mechanism of the EBRD announced it will investigate *the Bank’s compliance with its environmental and social standards at a mine it finances and is operated by Altain Khuder in the Gobi-Altai region of Mongolia. The investigation comes in response to a complaint filed to the EBRD’s Project Complaint Mechanism (PCM) in December 2014 from herders affected by the project.

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

Press release  |  June 30, 2015

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.

Europe’s back is to the future: Bankwatch and Counter Balance statement on the first projects of the European Fund for Strategic Investment (EFSI)

Press release  |  April 23, 2015

Yesterday the European Investment Bank announced the first four projects to be financed from the EUR 315 billion EFSI. These include EUR 303 million for health care research in Spain, a public-private partnership in the Irish health sector, the expansion of the Dubrovnik airport in Croatia and a nineteenth century Italian steel factory.

EIB’s new transparency policy allows for more secrecy

Press release  |  March 11, 2015

Brussels – Yesterday the European Investment Bank (EIB) formally adopted a revised transparency policy including controversial exceptions to the disclosure of internal documents. This watered down transparency policy comes right before the bank will start implementing the € 315 billion Juncker plan and risks undermining the impact of EU recovery efforts.

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