Foul play: development banks condone top Ukrainian poultry producer’s abuses
December 17, 2015
A closer look at Europe’s recent investments in Ukraine’s agriculture sector shows that the failure to apply high transparency standards and social safeguards poses not only business risks but also undermines Ukraine’s democratisation process.
Polish authorities on collision course with EU institutions over S7 expressway
December 17, 2015
A barely eight kilometre long section of an express road in central Poland is becoming another battlefield in the long-running conflict between Polish road authorities on one side and European biodiversity protection laws, and environmental NGOs trying to uphold them, on the other. Except this time, it’s not just about the law – it’s also about the money.
The newly proposed World Bank Safeguards – A paper tiger?
December 17, 2015
The social and environmental policies of the World Bank – commonly referred to as the ‘Safeguards’ – have been under review since 2012. In July 2015, as part of this review, the World Bank, released a second draft of the Safeguards for consultation and public comments.
Bankwatch Mail 63
December 17, 2015
Published after the conclusion of the UN climate negotiations in Paris, Issue 63 of Bankwatch Mail presents ample evidence of how the EBRD and the EIB continue to be firmly tied to fossil fuel financing, in spite of increasing pressure to do more to end support for carbon-intensive sources of energy. And even when multilateral development banks say they’re doing ‘clean energy’ some of the effects are proving to be catastrophic – as the impacts of IFI-backed hydropower projects across the Balkans show. We also take a look at the new kid on the IFI block, the Asian Infrastructure Investment Bank, and consider among other things how its ambition to be ‘lean, clean, and green’ sits with apparent plans for the new bank to help fire up a lot of coal power plants across Asia.
At the start of spending: Environmental partners still ostracised
December 15, 2015
An assessment of the application of the “European Code of Conduct on Partnership” during the establishment of the national implementation bodies and the first phase of ESI Funds implementation in the Czech Republic, Hungary, Latvia, Poland and Slovakia.
Improvements needed in transparency and environmental soundness of EBRD-financed hydropower facilities
December 15, 2015
In light of the worrying findings of a study on hydropower projects in southeast Europe – most notably the high number of projects in protected areas – this letter asks the European Bank for Reconstruction and Development to better implement its environmental and social policy and hydropower sustainability criteria, establish no-go zones in protected areas and rivers of outstanding quality, and disclose project information about projects with a clear environmental impact which are financed through financial intermediaries.
Infographics: Pristine Balkan rivers threatened by European “green energy” funding for hydropower
December 14, 2015
A wave of hydropower development fuelled by European public funding and EU companies is endangering pristine river environments in the Balkans.
Briefing: Centerra gold and the Kumtor gold mine, Kyrgyzstan
December 14, 2015
An update on the contentious EBRD project and its client, following a field visit by Bankwatch and partners to the mining site in October 2015
Financing for hydropower in protected areas in southeast Europe
December 11, 2015
Southeast Europe is experiencing a wave of hydropower projects. In a region with a deadly combination of Europe’s last wild rivers, rampant corruption and inadequate nature protection, the potential for damage is immense. In order to address this issue, we need to know who is making it happen. This research aims – to the extent possible given the secrecy around the financial sector – to find out who are the main actors involved in financing hydropower projects in the region, both overall and inside of protected areas. Update January 2017 The EBRD has said that financing has been cancelled for four small hydropower plants in Macedonia: Zrnovska reka 1, Zrnovska reka 2, Estericka reka, Kadina reka. In addition, financing has been cancelled for the 68 MW Boskov Most plant in the Mavrovo National Park, also in Macedonia. Regarding the Ternove SHPP in Albania, the EBRD has said that it had conducted an on-site investigation into the concerns received in a letter from an affected citizen. The bank found nothing to substantiate the allegations. Bankwatch will continue to monitor the issue.
Confirmatory application for disclosure of EIB documents related to Volkswagen loans
November 24, 2015
Following the revelations around Volkswagen cheating emission tests, Bankwatch requested information from the European Investment Bank about its loans to the car maker. After some delays, the bank released only part of the requested information, despite the profound public interest in the case.
