Economic justice policy officer
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The International Finance Corporation (IFC) is considering financing the Nabucco gas pipeline project. Should the IFC decide to finance the project, it risks repeating the serious economic, environmental, social and human rights mistakes associated with the Baku Tbilisi Ceyhan (BTC) and Chad-Cameroon pipeline projects and involving the World Bank Group in another highly problematic, politicized and economically and environmentally unsustainable project.
Bankwatch welcomes the European Commissions “A resource efficient Europe – flagship initiative of the Europe 2020 Strategy” as an effort to build a holistic approach to resource efficiency. This letter suggests further priority measures that should guide this initiative and proposes an integration of resource efficiency in different EU policies and actions.
Tree adoptions lead to more arrests in Khimki Forest
January 17, 2011 | Read more
Despite the Russian government’s controversial decision to go ahead with the Moscow St. Petersburg motorway’s original routing through Khimki Forest, environmental activists have not given up their struggle to save the last remaining natural area in a densely populated region.
Ljubljana, Slovenia — Campaign groups today lambasted the European Bank for Reconstruction and Development’s (EBRD) signature of a 200 million euros loan for the Sostanj thermal power plant in Slovenia [1], calling it a blatant affront to Slovenia’s long-term climate targets. The signing also fails to await the outcome of a governmental review of the controversial project, expected in mid-February.
Warsaw, Poland — Campaign groups are applauding last week’s decision by the national General Directorate for Environmental Protection to revoke consent for the planned Tykocin regional airport in northeast Poland, a 125 million euros project slated to receive more than 70 percent of its financing from the EU’s Structural Funds.
