Why Europe must turn off the gas TAP – NGOs, academics & artists sign against the pipeline

Dear Maroš Šefčovič, Vice-President of the European Commission for the Energy Union. Werner Hoyer, President of the European Investment Bank, and Suma Chakrabarti President of the European Bank for Reconstruction and Development. We call on the European Commission to withdraw support for the 878 kilometre long Trans Adriatic Pipeline (TAP), and on taxpayer-funded banks to […]

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Counter Balance’s 10th anniversary

As European public banks have gained a more and more important role, over the last decade at Counter Balance we have been working to make sure these institutions lead the transition towards a more sustainable and equal society. We are glad to celebrate our 10th anniversary through a brief overview of our achievements and future […]

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Parliament sends strong signal to the EIB: Time to act!

In two reports on the European Investment Bank adopted today in Brussels, Members of the European Parliament have called on the EU’s bank to step up its efforts against climate change and enhance its transparency and accountability. Counter Balance and CEE Bankwatch Network welcome the positions taken today by the Parliament in two complementary resolutions […]

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Human rights concerns over EIB loan to TANAP – an Open Letter

  In view of the upcoming EIB Board of Directors meeting on 19 September, Counter Balance along with a group of 25 NGOs has sent an open letter to the bank’s President Werner Hoyer and Directors, highlighting the serious human rights concerns over the Trans Anatolian Pipeline (TANAP) project. As the bank envisages a huge […]

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Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime

Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime Brussels, 6 September 2017 – Statement by CEE Bankwatch Network, Counter Balance and Friends of the Earth Europe Adding up to the list of shady practices of Azerbaijan’s authoritarian regime the Azerbaijani Laundromat corruption scheme raises serious concerns over the […]

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Event: Global gas lock-in: linking North-South resistance – Brussels 21-23 September

Counter Balance, with Rosa-Luxemburg-Stiftung and its partners is glad to announce the next gas conference in Brussels. 21.09.2017 – 23.09.2017 The conference follows up on a previous gas meeting in Brussels last year. Conference goals: Building a coalition against further gas infrastructures and LNG imports Organizing along supply chains Learning about impacts of gas extraction […]

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Out for Summer, Episode 3: EIB Promoting development in Egypt – at what cost?

After the Arab Springs, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) engaged in the support of the country’s transition to democracy, endorsing the priorities of el-Sisi’s new government: energy and economic development. But a few years later, the human rights situation in the country still raises big concerns, […]

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Out for Summer, Episode 2: how public banks support an unsustainable farming giant in Ukraine, ignoring communities’ rights

Myronivsky Hliboproduct (MHP) is a poultry farming giant operating in Ukraine. The company has received several loans by public banks including the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), even though its activities are seriously impacting the environment and local rural communities. The banks have so far declined any […]

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Southern Gas Corridor update: Russian involvement increasingly evident

While new public finance for the Southern Gas Corridor is lining up, the European Commission’s narrative that the pipeline would relieve Europe’s dependence on Russian gas continues to crumble. — By Ido Liven, originally published by Banwkatch — Another chunk of EU public money could soon be going to the Russian component of the Southern […]

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