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Bankwatch Mail 25
June 15, 2005 | Read more
In this EIB monothematic issue: EIB’s proposed revision to Information Policy – a step backwards *The EIB in developing countries – a blessing or a curse? * Large dams, big trouble * Positives undermined: the EIB’s lending for renewable energies * Taxpayers’ money drowned with EIB assistance * Bratislava’s bridge of sighs – EIB content to wipe its hands clean * The Memory Hole * Hunt on for new Communications and Information Director at EIB * EIB reform posters heading to Brussels and Luxembourg
With the European Commission sponsored Green Week underway in Brussels, a new study has found that the European Investment Bank’s commitment to investing in renewable energy is in serious doubt owing to the EIB’s opaque information procedures and its definition of renewable energy projects.
This publication explores the EIB’s investments in renewable energy projects, focusing on financing through the intermediary banks via global loans. The EIB’s refusal to provide any exact information on the subject while referring to its disclosure policy, was a driving force behind the survey made by Bankwatch Network and FoEI between January and March 2005. They asked 386 financial intermediaries to provide a list of renewable energy projects financed through the EIB global loan credit line over the period 1999 to 2003. Sporadic reactions from the intermediaries resulted in no evidence about a concrete renewable energy project being financed from the EUR 300 million allocated by the EIB.
Bankwatch Mail 24
May 15, 2005 | Read more
In this EBRD monothematic issue: EBRD coughs up for labour rights abuser * Winds of change at the EBRD? * Energy cross roads – it´s make up your mind time for the EBRD * Are the IFIs responsible for the Tulip Revolution? * Sustainable transport: DELAYS AHEAD * Baku Ceyhan documentary wins audience prize at international human rights film festival * Rosia Montana campaigner wins 2005 ‘Environmental Nobel’ * Clean energy bankable home and away
