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The EIB obstructs climate action with continued fossil fuels spending and lacks investment in sustainable energy – report

Originally published on Bankwatch.org Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new […]

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A ”facelift” to the EIB: the EU financial arm needs forward-looking reforms

Originally published on Euractiv. By Xavier Sol | Counter Balance The European Investment Bank (EIB) celebrates this year its 60th anniversary. But the bank, founded in 1958, should now look forward and commit to becoming a more sustainable, accountable and transparent institution, writes Xavier Sol. This opinion piece refers to an open letter written by […]

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Time for the EU’s bank to lead on the clean energy transition

As world finance paces up to adapt to the global fight against climate change, one main player is lagging behind: the European Investment Bank (EIB), the bank of the European Union. While the World Bank decided to stop financing upstream oil and gas extraction after 2019 and private groups such as Allianz or ING have […]

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EIB 60th Anniversary: bank Governors called to act on key reforms in NGO open letter

For the 60 Anniversary of the European Investment Bank (EIB), a group of 21 European NGOs sent a letter to the Governors of the bank who are meeting in Luxembourg on 22 June 2018. This open letter highlight key challenges for the EIB in the context of the negotiations over the next EU budget and the […]

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European Ombudsman requests more lending transparency from European Investment Bank

Brussels, 24 May 2018 The European Ombudsman has asked the European Investment Bank (EIB) to increase transparency in its lending activities. A group of NGOs has welcomed the decision, published yesterday, but regrets the weak language used, which only makes suggestions and encourages the Bank to adopt certain levels of transparency. The decision was adopted […]

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A tour in the EU lobby world

Who influences the decision-making in the European Union? And how? Welcome to the complex – and often shady – world of lobbies. While the Brussels EU bubble can be perceived as an unclear ghost entity, it is actually a solid reality: estimations count 25,000 lobbyists revolving around the EU institutions, and their activities deserve a […]

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