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.
[Campaign update] Woes in Kosovo’s energy sector trigger demand for Minister’s removal
March 18, 2013
Amid increasing public outcry over electricity prices and the privatisation of the KEDS distribution company, KOSID, an industrious NGO coalition from Kosovo has called for the dismissal of Besim Beqaj, the country’s Minster for Economic Development.
The Western Balkans: EBRD’s public money to finance coal plants that threaten EU’s long-term climate targets?
March 18, 2013
The Western Balkans countries are aspiring to become members of the European Union. At the same time, 6195 MW of new coal and lignite plants are planned to be built in the Western Balkans, which will still be operating by 2050 and threaten these countries’ ability to comply with EU long-term decarbonisation objectives. The European Bank for Reconstruction and Development is planning to support some of these power plants via its loans.
EIB, EBRD agree loans for Slovenian coal power plant
March 12, 2013
Europe’s two biggest public banks agreed funding for a lignite-fired power plant in Slovenia, sparking criticism from pressure groups which have questioned the way the project was awarded and its pollution threat.
Europe’s public banks disburse EUR 650 million to Sostanj coal plant despite ongoing corruption charges
March 8, 2013
Ljubljana – The European Investment Bank announced today [1] that it would pay the remaining EUR 440 million out of a EUR 550 million loan [2] for the construction of a new 600 megawatt lignite unit at Sostanj [3] in Slovenia, and that the European Bank for Reconstruction and Development would follow suite with its parallel EUR 100 million loan.
Yes Meni kontra EBI
March 8, 2013
Zanim opowiem wam coś zabawnego o pewnym banku, najpierw kilka słów wyjaśnienia. Nazywam się Mike Bonanno i jestem Yes Manem.
Coal power plants make you sick
March 7, 2013
A new report calculates the effects of coal-fired power generation across Europe on chronic lung disease and some heart conditions and the associated costs. It is another clue for both the European Bank for Reconstruction and Development and the European Investment Bank to end support for coal as the two revise their energy policies.
EIB hit by activist hoax, pledges to continue hitting climate
March 7, 2013
The European Investment Bank’s annual press conference in the final week of February proved to be significantly more revealing about the bank’s commitment to fueling climate change than is the norm for the EU bank.
Commission lays down sustainable energy pointers to EIB
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.
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.
