Tag Archives: coal

Out for Summer, Episode 1: The Ambatovy mine in Madagascar – How the EIB is sweeping a development fiasco under the rug

This summer we would like to shed light on the European Investment Bank’s operations outside the EU. “Out for summer” is a series of articles focusing on different cases of troubled development stories. First stop: Ambatovy, Madagascar. The Ambatovy project, together with the Mopani mine in Zambia, was the last mining project directly financed by […]

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Fossil Fuel Subsidies Award Winners Revealed

Nine European countries have been named and shamed today in a public fossil fuel subsidies awards ceremony in Brussels. From 10 April until 8 May, the public voted on the deadliest, dirtiest and sneakiest subsidies to fossil fuels in Europe. A Special Award was also symbolically handed out to the EU institutions for their support […]

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Coal fired power plant in Romania

Pressure builds on EBRD to quit coal lending

The European Bank for Reconstruction and Development lags behind other major international financial institutions that are moving away from supporting dirty energy projects. As the European Bank for Reconstruction and Development holds a series of consultations on its draft energy policy this week, pressure is growing on the bank to stop financing new fossil fuel […]

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EIB restricts — but does not eliminate — coal and other fossil fuel lending

Brussels — The European Investment Bank (EIB) announced today an energy policy that while introducing stringent criteria for financing coal power plants does not eliminate the possibility of support for coal or other fossil fuel energy sources. The bank’s new energy policy will introduce Emission Performance Standards for all fossil fuel generation projects to screen […]

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Not Funny: European Investment Bank Hoax!

I want to tell you a funny thing about the European Investment Bank. But first, some background: I’m Mike Bonanno, and I’m a Yes Man. For over fifteen years, my friend Andy and I have been impersonating some of the worlds largest, nastiest and most criminal corporations. We’ve posed as the likes of Exxon, Halliburton, […]

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European money in the Kolubara ‘environmental improvement’ project, Serbia

Our colleagues from CEE Bankwatch Network investigated the Kolubara coalmine in Serbia and the role of the EBRD and KfW in fiancially supporting the project. They found serious problems related to the emissions of the project, negative social impacts on local communities and transparency, accountability and governance issues related to the projects. Read the full […]

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