EUR 1.5 billion public loan for controversial pipeline withheld
December 12, 2017
Today, at a board meeting in Luxembourg the European Investment Bank has decided, for now, to postpone loaning 1.5 billion euros to the controversial Trans-Adriatic Pipeline.
Bern Convention: Macedonian government is urged to halt construction of hydropower plants in national park
December 11, 2017
Plans for 17 hydropower plants throughout Macedonia’s Mavrovo National Park must be immediately suspended, so the Standing Committee of the Bern Convention ruled at its annual meeting last week.
More billions for fossil fuels overshadows European development bank’s climate pledges
December 11, 2017
Despite commitments to help address the climate crisis, the European Bank for Reconstruction and Development awarded fossil fuel projects EUR 4.05 billion between 2010 and 2016 – more than double its support for renewable energy during the same period.
Rushed loan approval for Tuzla 7 coal plant, but project far from ready
November 28, 2017
The China Exim bank and Bosnian power utility Elektroprivreda BIH yesterday signed a massive loan agreement for the Tuzla 7 lignite power plant – a project that would have dire health, economic and climate repercussions.
Serbia pushes ahead with beleaguered coal plant at Kostolac
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.
New report: Juncker Plan backs billions in fossil fuels and carbon-heavy infrastructure
November 14, 2017
The European Union is set to continue a funding tool that in last two years has lent billions of euros for fossil fuels projects.
Civil society joins forces to push Europe beyond coal
November 2, 2017
To combat the worsening impacts of climate change and air pollution, civil society groups across 28 nations are today launching Europe Beyond Coal, a collective campaign to catalyse and hasten the move away from coal and towards clean renewable energy.
Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change
October 18, 2017
A USD 500 million loan approved today by the European Bank for Reconstruction and Development for the construction of the Trans Anatolian Pipeline is set to benefit, among others, state-owned companies in Azerbaijan and Turkey.
Bulgaria to carve motorway through nature haven
October 13, 2017
The Bulgarian government has yesterday evening announced it will construct an international motorway partially through EU protected wildlife haven Kresna Gorge, threatening tragedy for one of Europe’s most biodiverse nature sites.
Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime
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.
