European banks: it’s time to quit coal in Ukraine
February 13, 2015
In a street action being held today in Kiev as part of the Global Divestment Day, Ukrainians call on public and private investors to end financing for fossil fuels, in particular coal, and instead invest in renewable energy sources which represent the only independent source for the country.
Guest post: Pljevlja shareholder A2A must resist pressure to build new lignite unit in Montenegro
February 11, 2015
Montenegro’s government is pushing hard for the construction of a new unit at the Pljevlja lignite-fired power plant. NGOs are encouraging the major shareholder company to not give in to this pressure, writes Jelena Marojević Galić from Green Home.
Natural gas left, right and centre at Energy Union conference in Riga
February 11, 2015
Massive infrastructure for transporting natural gas is shaping up to be a centre piece of the Energy Union put forward by the Juncker Commission. This was also the impression Bankwatch campaigners had at an Energy Union conference in Riga last week.
New arrests should dampen Serbia’s appetite for coal
February 4, 2015
Corruption cases continue to haunt Serbia’s coal sector as a new round of arrests last week has shown. They also illustrate how the dependence on coal creates vulnerabilities for Serbia’s energy sector and potentially its financiers, in particular in the aftermath of last year’s floods.
European Investment Bank confirms plans to finance Trans-Adriatic Pipeline
February 4, 2015
On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.
Guest post: Resettlement process for Kosovo Power Project does not comply with international standards
February 3, 2015
A report being presented today analyses the process with which 7000 are to be resettled for the Kosovo lignite mine and concludes that the World Bank-financed process does not comply with the bank’s own standards and is plagued by a slew of other weaknesses.
Fracking: What every Tunisian should know
January 31, 2015
The first instance of shale gas extraction with hydraulic fracturing in Tunisia took place in March 2010 and since then Tunisia actively supports this method. Former prime minister Mehdi Jomaa (who once worked for a subsidiary of oil company Total) said in September 2014 that his government is determined to explore shale gas and that critics will not stop Tunisia pursuing its extraction.
Pipe Dreams: Why the Southern Gas Corridor will not reduce EU dependency on Russia
January 21, 2015
Brussels – The Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia, according to a new NGO study “Pipe Dreams” published today.
Pipe dreams – why public subsidies for Lukoil in Azerbaijan will not reduce EU dependency on Russia
January 21, 2015
The study explains why the Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia.
[Campaign update] Kostolac B3 lignite plant loan agreement bypasses public debate and contains unacceptable conditions
January 16, 2015
The Serbian parliament will on Monday vote on the ratification of a USD 608 million loan agreement from the China ExIm Bank for the construction of the 350 MW Kostolac B3 lignite power plant by Chinese company CMEC. Serbia’s latest addition to its huge debt burden is being presented as a great success, but a new lignite plant is more likely to end up as a weight around our necks as we move towards the EU and apply EU climate policies.
