Новая политика деятельности ЕБРР в горнодобывающем секторе: оценка содержания и консультационный процесс
November 2, 2012
На прошлой неделе без особой огласки увидела свет долгожданная новая Политика деятельности ЕБРР в горнодобывающем секторе. Представители ЕБРР потратили более трех лет на подготовку этого документа, дающего нам надежду на то, что Банк усовершенствует свою деятельность в горнодобывающем секторе. К сожалению, наши надежды по большей части не оправдались.
The EBRD’s new Mining Operations Policy: A commentary on consultation process and content
November 2, 2012
The long awaited EBRD Mining Operations Policy was released last week without much noise. It has taken the EBRD more than 3 years to prepare a document which had raised hopes it could improve the bank’s activities in the mining sector. Most of these hopes, however, have not been fulfilled.
New Slovene legal requirements for Šoštanj lignite power plant (TEŠ 6) regarding CCS
October 17, 2012
On September 8, 2012 new legislation entered into force in Slovenia that requires TEŠ to prepare an assessment of the CCS readiness for its new Unit 6. Pursuant to this legislation, proper assessment of the CCS readiness for the Unit 6 has not taken place yet. As a result, TEŠ has not met the legal requirements regarding the CCS assessment and therefore it is not possible to determine its CCS readiness under the Slovene law. Letter available as pdf: Letter to the European Investment Bank >>> Letter to the European Bank for Reconstruction and Development >>>
Initial public offering of ZE PAK SA exposes investors to major risks
October 17, 2012
The briefing details the risks that make shares of an Zespół Elektrowni Pątnów Adamów Konin SA (ZE PAK), the second largest producer of lignite in Poland, unattractive and high-risk prospect. Furthermore, investing in ZE PAK through its Initial Public Offering is inconsistent with any investor’s efforts to take action on climate change.
Comments on draft European Energy Community Strategy – an unsustainable energy future
October 15, 2012
Neighbouring countries of the EU from the Western Balkans to Ukraine are planning unsustainable energy futures relying on coal and nuclear. The energy strategy of the European Energy Community indicates continued reliance on coal and nuclear energy which could happen with EU support and financing.
Bankwatch Mail 53
October 10, 2012
This issue is devoted primarily to the countdown to EU Budget ‘D-day’, and the negotiations now reaching a troublesome climax on how approximately 1 trillion euros of EU money is to be spent across the continent in the 2014-20 budgetary period. We also round up some recent developments at the EBRD and EIB. And if you think that US presidential candidate Mitt Romney has a monopoly on private equity and tax havens, think again.
Money, and the EU’s climate agenda, to burn: EBRD mining strategy on a carbon collision course
October 9, 2012
With the EBRD due to sign off on its new mining strategy in November this year, 22 MEPs have pointed out in an open letter to European commissioners that given the state of the policy draft the bank risks contradicting the EU Resource Efficiency Roadmap and responsible mining principles. At risk of being compromised too, Bankwatch believes, are the EU’s 2020 strategy and EU commitments on climate change and biodiversity protection.
Trust us, we’re euphoric – Private equity and a tax haven part of the EBRD’s first post-Arab Spring swoop
October 8, 2012
For its first loan to ‘Arab Spring’ countries the European Bank for Reconstruction and Development has chosen vehicles and partners whose ability to deliver developmental value is highly uncertain.
How the facts got in the way of a good EBRD Roma headline
October 8, 2012
This summer’s ‘silly season’ featured a a blog post on the EBRD website replete with the claim that the bank has helped turn Serbia into a “role model for social inclusion of Roma”. This claim immediately rang hollow in light of the ongoing plethora of abuses of Roma rights in Serbia.
The Oil Road – How a done deal continues to unravel
October 8, 2012
The Oil Road by James Marriot and Mika Minio–Paluello is a remarkable recounting of their journey along the Baku-Tbilisi-Ceyhan (BTC) pipeline from Azerbaijan to the City of London. It is a narrative peppered with a wealth of cultural, social and economic history and kaleidoscopic insight from the Caspian region and beyond.
