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When in hole, stop digging: lessons from the Ombla hydro project in Croatia

Bankwatch Mail | 10 May, 2013 | Download PDF

At the time of writing, it is highly uncertain what the future holds for the controversial 68 MW Ombla underground hydropower plant. Approved for financing by the EBRD back in 2011, only recently has a nature impact assessment study finally been published, and no final opinions have been given by either state institutions or the EBRD on whether the project is to go ahead.


Armenia gold mining problems cast shadow over renewed EBRD financing

Bankwatch Mail | 10 May, 2013 | Download PDF

The attention of the environmental community in Armenia has recently been focused on events swirling around the Deno Gold Mining Company (DGMC). The company has been contending with rising tensions in Kapan as a result of its laying off of workers at its gold mining operations coupled with failings at its Geghanush tailings facility. The controversies have arisen just as the company awaits disbursement of a new loan from the EBRD.


More questions than answers – the EBRD’s new country strategy for Russia

Bankwatch Mail | 10 May, 2013 | Download PDF

The new EBRD country strategy for Russia that will apply for 2013-2015 attracted input and comments from several human rights and environmental watchdogs, among them Human Rights Watch, WWF, Greenpeace and Bankwatch. As part of the consultation on the new strategy, NGOs expressed concerns about the current political and social situation in Russia as well as the dangers of natural resource development. The comments were incorporated into the strategy document but it remains unclear if NGOs were able to influence actual decision-making.


Dire straits – EBRD backing for oil transportation in the Kerch Strait appears belatedly on public radar

Bankwatch Mail | 10 May, 2013 | Download PDF

A European Bank for Reconstruction and Development loan to the SVL group, granted with no public oversight, threatens new oil-related catastrophes.


One of the great enablers: how the EBRD threatens the environment and human rights in Kazakhstan and Turkmenistan

Bankwatch Mail | 10 May, 2013 | Download PDF

In its recent report, ‘The great enablers: how investments by international financial institutions threaten the fragile Caspian Sea ecosystem’, Crude Accountability describes how investments in the Caspian Sea region by international financial institutions, including the European Bank for Reconstruction and Development, are contributing to the intensification of extraction of and trade in the region’s oil and gas.


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