Counter Balance

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 […]

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 […]

By Elena Gerebizza, Re:Common After months of suspense and hesitations, the new Italian government is finally settled in Rome and didn’t wait long to fire out some first juicy declarations. Based on a “political contract” between the 5star Movement and the Northern League, the government’s patchwork agenda envisages to re-discuss planned big infrastructure projects – […]

Originally published by Rosa Luxemburg Stiftung. Fossil gas is gaining ground and increasing in importance in the global energy scenario. There are numerous publications and studies evaluating the risk of fuels such as crude oil and coal, but in the case of gas it is more difficult to find critical analyses of the risks involved […]

A group of 10 NGOs from 7 countries forming the “Balkan Monitoring Public Finances“ project published today a study and policy briefing examining trends in public infrastructure projects in southeast Europe, including the role of the EU and financing institutions. The study includes several case studies of controversial projects financed by the European Investment Bank […]

Originally published on the CAN Europe website. European politicians may be talking up their climate action, but in reality the EU is still subsidising new gas infrastructure that will lock Europe into the fossil fuel age for decades. The gas projects are also associated with human rights violations, corruption, and environmental destruction. Gas is a […]