October 8, 2018
Nearly three years after first announcing it, the European Investment Bank (EIB) has finally presented a new vision for the bank’s complaints mechanism, the body responsible for grievances related to EIB projects and policies.
September 7, 2018
A newly released Bankwatch analysis shows that in the years 2013-2017 the European Investment Bank (EIB) invested EUR 18.4 billion in renewable energy projects in Europe and beyond. However, at the same time, it handed out EUR 11.8 billion in EU public …
June 18, 2018
In the Israeli Environmental Protection Ministry’s annual ranking, Israel Chemicals has been topping the lists of corporate environmental offenders. For the EIB, the company has “sound environmental policy” which justifies a quarter of billion euros for supporting R&D of specialty chemicals. Ahead of the first anniversary of the Ashalim spill, which originated from an ICL subsidiary’s chemicals plant, a new Bankwatch analysis questions the EIB’s engagement with the company.
June 18, 2018
The European Investment Bank (EIB) needs to end its investment in fossil fuels and boost support for sustainable energy, reinforce its public accountability, and prioritise human rights, a group of 21 European NGOs write in a letter to EU finance ministers.
May 24, 2018
Brussels — The European Ombudsman has asked the European Investment Bank (EIB) to increase transparency in its lending activities.
March 26, 2018
1. The EFSI regulation lists seven general objectives (sectors) open to funding: energy transport infrastructure and equipment research, development and innovation small, medium and small mid-cap companies information and telecommunication technology e …
March 16, 2018
While the EU portrays itself as a leader of the Paris Agreement, its financial arm – the European Investment Bank (EIB) – approves another loan to the controversial Southern Gas Corridor project without proper climate impact assessments.
March 15, 2018
Today the board of directors of the European Investment Bank (EIB) green-lighted a EUR 932 million loan to the Trans Anatolian gas pipeline (TANAP), the Turkish section of the Southern Gas Corridor, a month after handing out the largest ever fossil fuels loan to the western section of the same project.
January 30, 2018
The controversial Southern Gas Corridor, the EU’s flagship energy project, could be as emissions-intensive as coal power or even more, a new study reveals.
May 22, 2017
An uneven investment strategy across the EU’s 28 Member States and a lack of added value by one of its main financial tools means that the EIB puts the EU at risk of not meeting its climate targets under the Paris Agreement, according to a new briefing from Counter Balance and CEE Bankwatch Network.