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EU-backed fossil fuels binge needs to end in ‘neighbourhood’ countries

Bankwatch Mail | 17 December, 2015 | Download PDF

Bankwatch has been taking a look at EU financing for the energy sector in 16 European Neighbourhood countries between 2007 and 2014. Alarmingly, our research has uncovered that out of at least EUR 9 billion provided by the EU to energy projects in the ENP region during the period under assessment, more than EUR 4.2 billion in financing went to hydrocarbons in contrast to the EUR 1.5 billion awarded to low carbon sources of energy and energy efficiency projects.


Exporting toxic pollution from Europe to Namibia

Bankwatch Mail | 17 December, 2015 | Download PDF

The case of the Tsumeb smelter in Namibia demonstrates how European pollution is being exported to the Global South with the indirect help of public development money.


Foul play: development banks condone top Ukrainian poultry producer’s abuses

Bankwatch Mail | 17 December, 2015 | Download PDF

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

Bankwatch Mail | 17 December, 2015 | Download PDF

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?

Bankwatch Mail | 17 December, 2015 | Download PDF

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.