Civil society urges the EU Bank to lead on responsible taxation

On 12 January 2018, 13 NGOs and trade unions set a joint paper to the European Investment Bank (EIB) on its taxation policy. The signatories highlight that the revision of the EIB’s tax havens (NCJ) policy, foreseen in 2018, is a crucial opportunity to strengthen the tools the EIB uses to ensure its operations do […]

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New study challenges the infrastructure mega-corridors agenda

We live in an age of what might be termed “extreme infrastructure”, and “Mega-corridors” are its most visible manifestation. A new study by Counter Balance calls attention on this pervading global agenda and identifies the risks associated with it. While infrastructure corridors are not new, their expansion has now reached an unimagined extreme scale. New […]

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€1.5 billion public loan for controversial pipeline withheld

December 12, 2017 Prague, Brussels, Berlin Today, at a board meeting in Luxembourg the European Investment Bank (EIB) has decided, for now, not to waste €1.5 billion in public funds on the controversial Trans-Adriatic Pipeline (TAP). A growing number of civil society groups are calling on the EIB not to fund this fossil fuel pipeline. […]

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European Union fails to eliminate fossil fuels from the Juncker Investment Plan

December 12, 2017 Brussels While EU leaders are discussing climate finance at the One Planet Summit in Paris, today the European Parliament failed once again to prevent further public investments in fossil fuels. A decision made in the European Parliament turns a blind eye to the Juncker plan’s investments in energy projects which have so […]

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EU’s Africa plan must put aid goals front and centre

Originally published on Public Finance International. By: Xavier Sol 30 Nov 17 Development objectives need to come first in the EU’s new External Investment Plan and be backed by high levels of transparency, says Xavier Sol of Counter Balance European Union leaders this week met their African counterparts in Abidjan, Cote d’Ivoire, for the fifth […]

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EU commission urged bank to support Azerbaijan gas pipeline

Originally published on Climate Home. 27/11/2017 Letter from top officials to the president of the EIB said Europe’s commitment to the pipeline ‘must not wane’ and called for publicly-backed loans By Karl Mathiesen Top European officials intervened in European Investment Bank (EIB) deliberations over a public loan to a huge pipeline project that will carry natural […]

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