Parliament gets tough on control of EU Bank’s funds
April 28, 2016
In its annual resolution on the European Investment Bank adopted today in Brussels, Members of the European Parliament have criticised the bank’s support to projects under corruption investigations. They also called on the EIB to go further on fighting climate change, tax evasion and tax dodging. Counter Balance and CEE Bankwatch Network welcome the positions taken today by the Parliament in this resolution.
Parliament warns of risky financing, demands more accountability at Europe’s bank
April 30, 2015
In its annual resolution on the European Investment Bank, Members of the European Parliament have criticised the bank’s Project Bond Initiative, warning that the risk-sharing instrument bears similarities to those proposed under the Juncker Investment Plan.
EU Project Bonds are a worrying indication for the future EU long term investment plans
December 4, 2014
As the pilot phase of the EU Project Bonds Initiative is coming to an end, a roundtable discussion in the European Parliament takes stock of the initiative.
Castor project sends Project Bonds Initiative shockwaves, taxpayers hit worst
December 2, 2014
In July 2013, the much-hyped joint European commission/EIB ‘Project Bond Initiative’ (PBI) had scarcely got off the ground – in its pilot phase at least – when unusual natural events took over. Work at the EUR 1.7 billion Castor underground gas storage plant off the coast of Valencia commenced in summer 2013. But by mid-September the Spanish government was forced to halt work at the plant after 220 mini earthquakes in the area were detected in less than a month. Local residents reported the tremors following injections of natural gas to prepare Castor for operations. Subsequent research has found that the gas injection provoked 1,000 earthquakes in the region.
New facts are busting energy myths
July 18, 2013
Adequate decision making on energy policies must be based on accurate information and cannot rely on outdated knowledge and misconceptions. A new series of fact sheets explores the myths and facts of Europe’s energy sector.
