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Transparency: Much stays hidden

Bankwatch in the media  |  August 25, 2016

An initiative aimed at increasing the transparency of mining companies’ payments to governments across the globe has been slammed as paternalistic and ineffective by representatives of the people it was claimed to help. The extractive industries transparency initiative (EITI) was first announced by then UK prime minister Tony Blair at the world summit on sustainable development in Johannesburg in 2002. It was launched a year later, at a time when the entire developed world, led by Blair and pop stars Bono and Bob Geldof, seemed determined to save Africa from itself.

The EU’s house bank obstructs climate action with continued fossil fuels spending and lacking investment in sustainable energy – new report

Press release  |  September 6, 2018

Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new report details a set of measures – including an unequivocal commitment to end support for fossil fuels – that can be introduced in the course of the upcoming review of the EIB’s energy strategy to ensure the world’s largest public lender facilitates the global effort to tackle the climate crisis, rather than hamper it.

Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement

Press release  |  March 10, 2017

A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project.

Publish What You Pay: ‘Lukoil loan would fundamentally contradict EBRD policies’

Publication  |  July 21, 2015

The Board of the Extractive Industries Transparency Initiative (EITI), a coalition of companies, governments, investors and civil society organisations has unanimously downgraded Azerbaijan to a “candidate country”. Azerbaijan will be suspended from the EITI in April 2016 if it does not comply with a set of requirements that ensure civil society can work freely in the country.

Bankwatch Mail 15

Publication  |  September 7, 2002

In this World Bank issue: World Bank Issue: Theatre or Consultation? (World Bank Extractive Industry Review) * Romania’s Resource Rebels (IFC Gold Mining Project in Romania) * CAS: Real Consultations Are Needed; Oil Funds “Should” Fund Oil Companies??? (Azerbaijan subsidising IFC oil project on the cost of social fund) * Baku-Ceyhan Pipeline – Confusion, Uncertainty and Unrealistic Expectations

Commission lays down sustainable energy pointers to EIB

Publication  |  March 7, 2013

The public consultation on the EIB’s review of its energy policy is well underway now, with the bank’s intention being to have the new policy in place sometime this summer. While not part of the review process as such, following an official request for information Bankwatch has received comments submitted by the Directorate-General for Environment of the European Commission to the EIB as part of ongoing exchanges between the bank and the Commission.

The newly proposed World Bank Safeguards – A paper tiger?

Publication  |  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.

Joint civil society letter: Creating a truly Paris-aligned EIB

Publication  |  May 2, 2023

The Fossil Free EIB coalition wrote a joint letter to the European Investment Bank (EIB) to express its views on the upcoming review of the EIB Climate Bank Roadmap.

42 civil society organisations call on EU leaders to secure funding for the just transition in the next EU budget

Press release  |  September 18, 2024

As the new European Commission and Parliament begin their mandates, 42 civil society organisations from across Europe have issued a statement (1) calling on EU leaders to ensure the continuation of the Just Transition Fund in the next EU budget.

Poor planning by the European Investment Bank puts at risk one of the largest wind energy projects in the Western Balkans

Blog entry  |  June 19, 2024

Following concerns from local people, the Aarhus Centre in Sarajevo and CEE Bankwatch Network have started legal actions on the lack of environmental impact assessment and appropriate assessment for the 132 MW Poklečani wind project in Bosnia and Herzegovina (BiH). Hasty decisions by the Federation of BiH authorities and European Investment Bank might end up delaying the project for years.

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