British managers of EIB-funded Kenyan firm accused of fraud, bribery and “highly questionable business practices”

The European Investment Bank was warned by whistle blowers in 2015 of the alleged corruption and mismanagement by Spencon’s ECP Africa-appointed managers.

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Counter Balance Activity Report 2019

Curious to what we’ve been up to in 2019? Whether it’s pushing the European Investment Bank into becoming a fossil free EIB by no longer investing in unabated fossil fuels or by publishing reports on the Juncker Plan or corruption. From climate and human rights to transparency, read about our most recent achievements below in […]

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Public health, the European Investment Bank’s amnesia

Translated from an original blogpost in Italian by Re:Common, available at https://www.recommon.org/sanita-pubblica-le-amnesie-della-bei/  Behind the scenes of the virtual European summit held on the 26th of March to find common measures regarding the COVID-19 epidemic, the President of the European Investment Bank (EIB), Werner Hoyer, sent a letter to all European Finance Ministers with his own […]

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EU Watchdog Radio – Episode 3: logistics of globalisation – is this the world we want?

March 20, 2020 In the third episode of EU Watchdog Radio Nicholas Hildyard, UK based researcher and activist of the NGO, The Corner House, gives some fascinating insights in the world of logistics. A world that we all benefit from, but know very little about.  Hildyard, who just published a new report with Counter Balance, […]

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Counter Balance’s Recommendations on EIB Anti-Fraud Policy

On March 19th, 2020, we as Counter Balance, submitted our recommendations for the improvement of the European Investment Bank’s Anti-Fraud Policy. You can read or download the full document here:

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Vacancy: Consultant for funders scoping

Counter Balance and Bretton Woods Project are looking for a consultant to undertake a funders scoping for our organisations. We’re looking forward to receiving your proposals! You can find the consultancy offer here. Deadline: April 10, 20:00 CET.

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EU Watchdog Radio – Episode 2: Green Deal or EU-US Trade Deal?

March 6, 2020 In this second episode Nina Holland and Kenneth Haar, both researchers from the Brussels-based lobby watchdog Corporate Europe Observatory (CEO), analyze the ongoing negotiations on a EU-US trade deal and what impact this ‘TTIP-light’ could have on the so called European Green Deal. This Green Deal is the alpha and omega of […]

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EIB Roundtable Report: State of Play and Future Challenges

DOWNLOAD THE FULL REPORT BELOW This summary report of this roundtable is provided by the organizer Counter Balance. The opinions ex-pressed in this report are those of the authors and do not necessarily reflect the views of all participants in the roundtable. On March 3rd, 2020, 65 participants joined the roundtable on the State of […]

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NGOs call on EIB to halt fossil gas projects now!

On February 25, a coalition of international CSO’s sent a joint letter to Werner Hoyer, President of the EIB. The letter, sent by Counter Balance and 12 other international CSO’s, clarifies to the President the major risk factors involved in the recently approved Energy Lending Policy. These loopholes could undermine the ELP as a whole. […]

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REPORT: How logistic chains dismantle worker’s rights, one hub at a time

February 26, 2020 A new report launched today by Counter Balance, a Brussels NGO, reveals the negative impacts of mega infrastructure corridors, tax-free zones and just-in-time delivery systems on workers, their rights and the environment. The report, “Corridors as factories: supply chains, logistics and labour, is this the world you want?”  probes how “logistics” – […]

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13 NGO’s urge EIB not to invest in Nice airport

Today, together with 13 NGO’s we sent a letter to the European Investment Bank (EIB) asking them not to support the expansion of the airport in Nice. This project is completely opposite to what the EIB is aiming to become, namely the EU Climate Bank. The original letter is in French, here is a short […]

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EU Watchdog Radio: Episode 1

February 12, 2020  EU Watchdog Radio is a new podcast hosted jointly by two Brussels based organisations Counter Balance (CB) and Corporate Europe Observatory (CEO). In the very first episode Xavier Sol of Counter Balance discusses how the European Union is planning to finance the Green Deal and the role played by the transformation of […]

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Green Deal vs fossil gas: Supporting Croatia LNG, a case of EU hypocrisy

The new decade just started with the approval of the European Green Deal and its €1 trillion plan to finance the transition to a low-carbon economy in Europe during the next ten years. It’s a historic step that follows the approval of an ambitious policy at the European Investment Bank (EIB) just a few months […]

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