Economic justice policy officer
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European public development money for Monsanto? Whatever next?!
November 14, 2012 | Read more
The European Bank for Reconstruction and Development considers supporting one of the most criticised and controversial corporations on the planet, Monsanto. Reasons for deciding against it are plenty.
Ukraine nuclear power plants safety upgrade programme
November 14, 2012 | Read more
The European Bank for Reconstruction and Development (EBRD) and Euroatom plan to support the nuclear power plant safety upgrade project in Ukraine. The EU presents the project as a timely initiative to improve nuclear safety in the region. A closer inspection however shows that it in fact can increase nuclear risks, in that the project includes a significant number of measures necessary to extend the lifetime of the reactors.
A $3.7 billion PPP oil refinery expansion in Cairo is accompanied by contradictory project documents, making a mockery of claims by the public banks involved to be committed to “good governance” or democracy. Despite being presented as merely translations of one document, the Arabic and English “versions” are entirely different – with the Arabic markedly cursory and superficial.
With this letter, Bankwatch, Friends of the Earth Europe and BUND/FoE Germany, sent the map of positive EU funded projects – Well Spent – to Chancellor Merkel, asking her to continue advocating for a quick agreement on the future EU budget 2014-2020 and to ensure that the potentials of green spending are being considered in the negotiations.
Comments on the draft EBRD country strategy for Albania (2012)
November 9, 2012 | Read more
The environmental center EDEN is convinced that the EBRD can play a significant role in supporting Albania’s sustainable development and the country’s integration into the European Union. Several examples of previously funded projects show that this is possible. However still the majority of funds go to big scale projects that often harm the environment and social cohesion. These comments pay special attention to EBRD financing in the energy sector.
