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Report exposes how PPPs across the world drain the public purse, and fail to deliver in the public interest

From the complete failure of the Castor Project in Spain, to an overpriced hospital in Sweden, projects financed by the European Investment Bank (EIB) make no exception to the list of PPP disasters compiled in this new joint report. Brussels/Bali, 8 October 2018 History RePPPeated: How public private partnerships are failing, launched on the occasion […]

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The European Parliament resolution urges European financial institution to respect indigenous peoples rights

Celebrate the rights of those 5 per cent who hold 80 per cent of the planet’s biodiversity. Today is the International Day of the World’s Indigenous People. Originally published by Bankwatch. The European Parliament resolution of 3 July 2018 on violation of the rights of indigenous peoples in the world, including land grabbing recognises the “central role” […]

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Public Infrastructure in Southeast Europe – in whose interest?

A group of 10 NGOs from 7 countries forming the “Balkan Monitoring Public Finances“ project published today a study and policy briefing examining trends in public infrastructure projects in southeast Europe, including the role of the EU and financing institutions. The study includes several case studies of controversial projects financed by the European Investment Bank […]

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Controversial gas pipeline gets EUR 1.5 billion in public money amid massive climate risk

CEE Bankwatch Network, Counter Balance, Friends of the Earth Europe, 350.org 6 February 2018 Prague, Brussels The European Investment Bank (EIB) voted today to hand out one of Europe’s largest ever loans to one of the EU’s largest fossil fuel projects, the contentious Trans Adriatic Pipeline (TAP). The loan approval follows the release of a […]

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Solidarity protests demand EIB pledge against financing new pipeline

Originally published by 350.org. 14th November, Europe. Starting today activists are undertaking an international series of coordinated protests at financial institutions and the UN climate negotiations in Bonn, Germany to demand that the European Investment Bank (EIB) pledges not to sink public funds into a risky new gas expansion project – the Trans Adriatic Pipeline (TAP). […]

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EIB pioneer investment in climate fund turns into a crash dive, according to NGO report

Brussels, 28 Feb Showcased as the ultimate initiative to fight climate change, the European Investment Bank (EIB)’s participation in the Althelia Climate Fund is nothing like the social and environmental success it was described to be – say the NGO Re:Common and Counter Balance in a new report released today. Contributing up to €25m in […]

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