Kolubara mine “mired in crime and corruption”
March 7, 2013
At a press conference in January, Serbia’s energy minister Zorana Mihajlović spoke out strongly against the Kolubara mining complex, describing it as being “mired in crime and corruption” while also announcing that a thorough investigation is ongoing into corrupt practices by the Kolubara management. Bankwatch believes that this latest confirmed scandal at Kolubara should be giving the EBRD serious pause for reflection as it considers yet another loan to the Serbian electricity company EPS, heavily implicated in these latest revelations.
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.
Anti-coal campaign in Kosovo puts focus on health
February 4, 2013
A campaign against a new lignite power plant in Kosovo uses World Bank figures to highlight the health damage resulting from pollution.
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.
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.
The worst company of the year – Vote for Alstom in the People’s Public Eye Awards 2013
January 8, 2013
Alstom, the constructor for the Sostanj lignite power plant might just be the worst company of the year. You can vote for Alstom in the Public Eye Awards until January 23.
ALSTOM nominated for “Prestigious” Public Eye Awards
January 7, 2013
The French energy and transport conglomerate Alstom is one of the seven finalists for the People’s Public Eye Awards 2013. The nomination is a result of information submitted by NGOs Focus Slovenia, SHERPA France and CEE Bankwatch Network, in which dubious business practices of the company across the world are highlighted — often linked to proven corruption or corruption allegations surrounding the awarding of contracts.
The newest EBRD member, Kosovo, does not need new coal
December 22, 2012
Pristina – As Kosovo becomes the newest member of the European Bank for Reconstruction and Development today, civil society groups in the country tell the bank that it should exclude from the start any investments in coal and that it could have an enormous positive impact by supporting energy efficiency measures.
No excuses for the EIB to finance Sostanj
December 21, 2012
Ljubljana — The Slovenian parliament has ratified today – in an extraordinary session, right before the start of the Christmas holidays – the state guarantee contract between the European Investment Bank and the Slovenian government for a 440 million euros loan for the construction of a new coal unit at Sostanj.
