Guest post: A Balkan lesson for coal investors
January 28, 2014
When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year – like the one in Kosovo – there’s one word that should be seared into their memories: Sostanj.
Coal and corruption – the case of the European Bank for Reconstruction and Development
December 9, 2013
The EBRD is about to approve a new energy strategy, yet it is unclear to what extent it will follow other public lenders in halting coal financing. In this paper we step away from the discussions on climate issues to take a look at another reason why the EBRD should be wary of investing in coal projects: corruption.
Funny business as usual in the Czech Republic – one of the biggest fines in EU funds history handed out to Prague metro project
November 13, 2013
The manipulation of a tender for a metro line extension in Prague – financially supported via EU funds and the European Investment Bank (EIB) has not only resulted in a huge EU funds fine, but also raises questions about the EIB’s ability to identify and avoid mismanagement in the infrastructure projects it finances.
NGOs welcome enquiry by Paris prosecutor into financial crimes related to the VINCI CONCESSIONS RUSSIE SA Moscow-St. Petersburg motorway
October 4, 2013
Paris, 3 October 2013 – Todays announcement by the Paris Prosecutor to open a preliminary enquiry into financial crimes related to the construction of a motorway between Moscow and St. Petersburg [1] has been welcomed by NGOs Sherpa, Russie-Libertés, CEE Bankwatch Network, MOBO Princip, and members of Russian civil society, who lodged the complaint in June 2013.
New arrests link corruption with land expropriation at Serbian Kolubara mine
September 11, 2013
Land expropriation and corruption have been two recurring themes at the Kolubara mine. This week’s arrests indicate that they are closely connected.
Guest post: Never again Sostanj
March 20, 2013
Disappointed by loan disbursements to one of the dirtiest coal projects in Europe, almost 100 organisations have called on two public lenders to not repeat the same mistakes, ever.
Never again Sostanj, NGOs warn European public banks after Slovenia debacle
March 20, 2013
After the EIB and the EBRD disbursed a promised 650 million euros for Slovenian lignite plant TES 6 on March 8, Focus Slovenia, CEE Bankwatch Network, and 96 other NGOs are today sending a letter to the two banks calling on them to never commit to such a misguided loan again.
Open letter to EIB & EBRD: Sostanj must never happen again
March 20, 2013
After the EIB and the EBRD disbursed a promised 650 million euros for Slovenian lignite plant TES 6 on March 8, Focus Slovenia, CEE Bankwatch Network and 96 other NGOs sent this letter to the two banks calling on them to never commit to such a misguided loan again. The letter includes a list of reasons why Sostanj was undeserving of public loans and a set of measures that need to be taken by the banks immediately in order to avoid such mistakes from being repeated in the future.
Members of European Parliament call on EIB not to finance Slovene lignite power plant
January 31, 2013
In an unambiguous letter Members of the European Parliament have reminded the European Investment Bank of the economic and environmental risks that the Šoštanj lignite power plant project poses for Europe and Slovenia.
Kolubara “mired in crime and corruption”
January 30, 2013
Those were the words of Serbian Energy Minister Zorana Mihajlović, speaking last week in a press conference during which she announced that a thorough investigation is ongoing into corrupt practices by the management of the Kolubara mining complex.
