October 6, 2011
Belgrade’s Special Court has ordered an investigation into the former director of Serbia’s strip mining complex and 16 others on suspicion that they incurred financial damages to the company worth over €10 million.
October 4, 2011
The arrest of a former mining boss on the Macedonia-Greece border might seem far from the corridors of Brussels, but the desire for EU membership takes many forms.
October 3, 2011
Despite numerous international calls for the discontinuation of public support for fossil fuels in the face of climate change, the EBRD continues to finance the dirtiest among them, coal. What is more, the bank plans to expand its activities in this field. CEE Bankwatch Network urges the EBRD to phase out any support for coal industry making it more competitive and disadvantaging sustainable energy.
August 1, 2011
Linked to a slew of controversies, the Kolubara lignite mine in Serbia will receive loans from European public banks. Corruption allegations, pollution at local level, irregularities in resettlement of local populations and not to forget a climate damaging approach to energy investments should be reason enough to find alternatives to lignite mining.
July 25, 2011
Belgrade – Today, over 70 protesters from the Vreoci community is gathering in front of the Belgrade EBRD offices to protest abusive practices by state-owned Elektroprivreda Srbija (EPS), in London, the bank’s Board of Directors is congratulating itself for another profitable deal with the energy company. The EBRD cannot continue to brush off responsibility for corruption acts and human rights abuses committed by their long-term business partner.
July 25, 2011
Serbian and international civil society organisations call on the EBRD board of directors not to finance the Kolubara lignite mine project since it would constitute the indirect support of human rights violations committed by the project promoter and furthering coal dependency in the Serbian energy sector.
July 20, 2011
The letter poses questions regarding the environmental and social appraisal for the Kolubara lignite mine project and the due diligence carried out by the EBRD before the project’s approval by the EBRD: How has the EBRD assessed the corporate behaviour of the Kolubara and EPS companies towards communities affected by the extension of mining operations? How has the EBRD defined the project’s influence in the Kolubara basin? Can EBRD staff provide studies or numbers justifying Serbia’s need for further growth of coal production?
July 4, 2011
Before making any decisions on the planned EUR 80 million loan for the Kolubara lignite mine project in Serbia, the European Bank for Reconstruction and Development’s Board of Directors should take note of the controversy the bank will get involved in. Not only are the climate impacts of lignite well known, but the project is also indirectly connected to the resettlement of nearby residents.
June 20, 2011
The European Bank for Reconstruction and Development and German development Bank KfW are considering supporting the development of a new field in the lignite open pit mine in the Kolubara mining complex in Serbia. Interestingly, the investment is categorised as “Environmental Improvement” on the EBRD’s website. But no matter how efficient future processing is, investments into perpetuating lignite production – the dirtiest of fossil fuels – instead of clean electricity generation alternatives rather resembles re-arranging the deck-chairs on the Titanic than serious ‘environmental improvement’.
November 20, 2010
The document summarises the goals on which, according to Bankwatch, a future EBRD mining sector strategy needs to be based if the EBRD wants to support sustainable development. It includes specific recommendations to help ensure that EBRD investments in the mining sector bring real benefits for communities, avoid environmental and social harm, reduce CO2 emissions and do not increase countries’ dependence on commodities.