Economic justice policy officer
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The Caspian Sea with its fragile ecosystem is endangered by the newly developing offshore oil drilling on its north waters. Both the environment and the public health are put at risk due to the high concentration of toxic pollutants including gases in Kashagan oil. By financing that project BNP Paribas undermines the positive outcomes of pouring money into renewable energy sources as their stated commitment to combating climate change.
The letter comes after information on EIB web site that the bank might still be interested in financing the Zagreb incinerator project.
Reply from the EIB regarding concerns on the Zagreb Incinerator project dated November 3, 2008 states that the bank has not been yet asked to consider financing the project. Download the response as pdf here.
