EBRD energy lending report: conflicting investments end up contradicting climate science
May 17, 2012
London – Almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels, according to a report issued today by CEE Bankwatch Network. Support for coal, oil and gas must be discontinued altogether, argues Bankwatch, if the bank’s commendable efforts on increasing financing for renewables and energy efficiency are to have a positive impact in the global fight against climate change.
Letter to EBRD: Request for update on Centerra Gold Revolving Debt Facility
April 6, 2012
With the letter Bankwatch requests information about the status of the Centerra Gold Revolving Debt Facility and raises issues and findings from the recent reports on the company’s performance.
Letter to EBRD: request to clarify conflicting information on mining projects in Mongolia
March 23, 2012
Following a fact-finding mission to Mongolia in June 2011, CEE Bankwatch sent a letter on August 18, 2011 with several questions for clarification to the EBRD. Additionally OT Watch submitted a paper on November 1, 2011 to representatives of the EBRD Board of Directors during their visit to Mongolia. While the EBRD replied to both of these, several issues still need clarification, as there is conflicting information.
Silence is golden for some – the strange case of the EBRD’s mining policy
March 13, 2012
It is coming up for three years since the EBRD’s 2009 Annual Evaluation Overview Report “alerted Management to develop a new Operation Policy to cover all forms of non-energy related extraction of natural resources (mining policy)”. The EBRD does not appear to have been in any great rush with the preparation of this policy, and one has to wonder how long the bank will allow for the new policy to be consulted with the interested public. More importantly, how influential will public input be in setting the policy objectives and requirements?
Mongolia as Minegolia? Paying the Price
February 16, 2012
Australian miners test Mongolian frontier
February 3, 2012
Mongolia is not being short-changed as foreign miners rush to take a slice of its enormous mineral wealth, Australian explorers operating in the vast Asian nation say.
Mongolia: Mining Project Leaving Herders Without Livelihoods
February 2, 2012
Mining projects in Mongolia promise development of social and economic infrastructure and a way to alleviate poverty, but on the wayside, local communities near the mines are feeling the negative impact as their environment and traditional livelihoods are affected. http://globalvoicesonline.org/2012/02/02/mongolia-mining-project-leaving-herders-without-livelihoods/
Bergbau-Bonanza in Mongolei bedroht lokale Bevölkerung und Klima
February 2, 2012
Berlin – Die Umweltschutz und Menschenrechtsorganisation Urgewald, CEE Bankwatch und OT Watch veröffentlichen diese Woche den Bericht über eine Recherchereise in die Mongolei (1). Darin stehen die Auswirkungen des Bergbaubooms auf die lokale Bevölkerung im Mittelpunkt. Sie werden in der Berichterstattung über den geplanten Börsengang von Tavan Tolgoi, dem weltgrößten unerschlossenem Kohlegebiet, weitgehend ignoriert (2).
Kopp: Roffstoffe als Chance für Entwicklung nutzen
February 1, 2012
Berlin. – Deutsche Unternehmen haben sich in einer Roffstoff-Allianz zusammengeschlossen, um sich gemeinsam an Rohstoff-Projekten im Ausland zu beteiligen. Die Parlamentarische Staatssekretärin im Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ), Gudrun Kopp, sieht darin eine Chance für Entwicklungsländer, ihre Einnahmen zu steigern. Die Erlöse müssten aber der Allgemeinheit in den rohstoffreichen Ländern zugute kommen.
Earth’s riches, people’s troubles. Mining in Central Asia
January 31, 2012
Two new reports and two videos on the impacts of mining operations in Kyrgyzstan and Mongolia unearth some of the downsides of the mining business in Central Asia.
