Tag Archives: coal

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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EIB hoax – coal down award [full video]

A European Investment Bank (EIB) that would cease lending to coal projects and eventually all fossil fuels is still a dream. However last Thursday we dreamed out loud and imagined how it would be. Effects would be tremendous: the EIB could play a leading role in decarbonising Europe’s energy infrastructure, it would be applauded by […]

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Why the EIB got the ‘Coal Down’ award

After a fake press release in which the EIB ‘announced’ its divestment from coal, activists stroke again the next day during the Bank’s annual press conference. In name of EU citizens, President Werner Hoyer received the 2013 ‘World Coal Down’ award. Unfortunately he had to enfeeble the rumours of the EIB’s coal divestment, saying it […]

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Dreams of European Investment Bank Quitting Coal Go Up in Smoke – For Now

Brussels — The European Investment Bank (EIB) president Werner Hoyer was forced to say this morning, during the EIB’s annual press conference, that an announcement that the bank would give up lending to coal was “pure nonsense”. And this, despite the fact that Hoyer repeatedly referred to the EIB as a frontrunner in the fight […]

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