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Alleged Mafia links and corruption lead to calls for OLAF investigation into EIB-backed Italian motorway

Alleged Mafia links and corruption lead to calls for OLAF investigation into EIB-backed Italian motorway

Brussels – Today three NGOs [1] filed a complaint with OLAF, calling on the EU’s anti-fraud office to open an investigation into a EUR 350 million European Investment Bank (EIB) loan for a motorway project in Italy. The project and several subcontracting companies are under investigation by the Italian authorities for alleged fiscal fraud and [...]

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Natural capital: a fairytale with an unhappy ending

The idea of putting a price on nature to protect it is gaining ground. End of November big companies, banks, governments and even the United Nations gathered in Edinburgh, Scotland for the first World Forum on Natural Capital (WFNC). We were present as well. Not to join their party but to resist the idea that [...]

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Power to the people!

Power to the people!

Community power is the future! That’s at least our conclusion after an intensive year of working on energy issues and engaging with EU citizens. In a final expert debate that idea was confirmed but on the path towards it there are still many obstacles to overcome. The past year Counter Balance has created 9 different [...]

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UPDATE – EIB and corruption: The Ibori case

UPDATE – EIB and corruption: The Ibori case

“In poor countries [corruption] can kill. Money meant for drugs for a sick child, or to build a hospital, can be siphoned off into overseas bank accounts or to build a luxury house”, Hilary Benn, former UK Secretary of State for International Development   Police picture in Ibori’s house Corruption – broadly defined as “the [...]

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TAP, Energy security and human rights

When it comes to securing energy supply, human rights principles are easily set aside it seems as EU leaders will be attending the signing ceremony of the Trans-Adriatic Pipeline (TAP) in Azerbaijan tomorrow. by Emma Hughes, External Energy Policy Officer, Platform and Elena Gerebizza, Energy and Climate Campaigner, Counter Balance, originally appeared on BlogActiv Citizens of [...]

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[Partner Publication] Extractive Energy: How the EU ETS exacerbates climate change

Our colleagues from Carbon Trade Watch have recently published this report questioning the EU’s dependency on fossil fuels and the role of the EU ETS. Energy in the EU is dominated by fossil fuels. About 77% of energy used by the average European citizen is met by oil, gas and coal. Nuclear power provides an [...]

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Over 100 organisations call for an end to biodiversity offsetting plans

Edinburgh, November 21 – Today, at the opening of the World Forum on Natural Capital[1] in Edinburgh, 140 organisations from all over the world are releasing a statement to say ‘No to biodiversity offsetting’. The statement was launched in a counter forum on Natural Commons[2] taking place in Edinburgh at the same time. Biodiversity offsetting [...]

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The EIB adopts its new anti-fraud policy but ignores civil society concerns

The EIB announced last week that its Board of Directors has approved a revised EIB anti-fraud policy. We have doubts about the added-value brought by this revision. It does not take into account current political commitments against tax evasion and money laundering and insufficiently reflects civil society concerns. On 8th November the EIB has published [...]

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International conference attempting to ‘privatise nature’ under attack

Campaigners have slammed a conference taking place in Edinburgh, Scotland this week for attempting to privatise nature by giving it a financial value. The first ever World Forum on Natural Capital is to be held in Scotland’s capital on Thursday and Friday (21-22 November). Corporations attending the finance-led conference, including RBS, Coca Cola, Rio Tinto [...]

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