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.
Dreams of European Investment Bank Quitting Coal Go Up in Smoke – For Now
February 28, 2013
Climate activists take responsibility for fake press release, bizarre award ceremony Brussels — The European Investment Bank (EIB) president Werner Hoyer was forced to say this morning, during the EIB’s annual press conference, that an announcement that the bank would give up lending to coal was “pure nonsense”. And this, despite the fact that Hoyer repeatedly referred to the EIB as a frontrunner in the fight against climate change.
A mostly accommodating lion’s den – the second civil society meeting with the EIB Board of Directors
February 8, 2013
A meeting of civil society and the European Investment Bank’s Board of Directors saw a surprising degree of agreement between two often adverse groups.
EIB Capital Increase May Not Further EU Goals
January 14, 2013
Brussels — Last week’s ten billion euros capital increase for the European Investment Bank (EIB), allowing the bank to lend 60 billion euros extra over the next three years, must come with clear commitments from the bank to stop loans for dirty energy, say NGOs.
The EIB’s energy lending in the spotlight
January 14, 2013
The European Investment Bank has opened a review of its energy policy and called for the public’s views on the key future challenges for the bank’s operations. The lending figures to the energy sector until 2011 show that the policy must better guide the EIB’s lending towards EU policy objectives of de-carbonisation of the energy sector.
Financial alchemy in Slovenia’s energy sector still results in lignite, not gold
December 11, 2012
Even with the latest investment plan for unit 6 at the Sostanj lignite power plant (TES 6), the project’s economics are (surprise, surprise) still distinctly shaky as an independent analysis shows. Nonetheless, the project looks ever more likely to get a state guarantee from the Slovene government.
Environmentalists, get your keyboards ready: The European Investment Bank asks for inputs on its energy policy
October 11, 2012
With annually more than ten billion euros of investments in the energy sector, the EIB can have a tremendous influence on our energy future. If we want the bank to help us “get it right”, the time for providing inputs is now.
Allegations of corruption in Slovenia and across the EU
August 9, 2012
Despite fines and alleged scandals, questionable companies win new contracts every day and posts impressive profits – claims campaign group
The EIB in Greece: by the numbers
June 15, 2012
As Europe’s financial establishment braces for the results of tomorrow’s Greek elections and Eurozone officials dangle the carrot of a new European Investment Bank programme in front of Athens, we’ve prepared a snapshot of previous EIB loans in the country. [1] [2] [3] [4] (NB: any tricolour similarities are entirely coincidental.)
The writings on the European Parliament’s wall: Make the EIB choose a brighter future
May 15, 2012
Ahead of the European Investment Bank’s annual meeting, Counter Balance and Bankwatch have chosen an unconventional way to remind the EIB shareholders of the bank’s chequered track record.
