Tag Archives: environment

The EIB obstructs climate action with continued fossil fuels spending and lacks investment in sustainable energy – report

Originally published on Bankwatch.org Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new […]

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New study shutters EU claims on climate benefits from flagship energy project

Originally published by Bankwatch. The controversial Southern Gas Corridor, the EU’s flagship energy project, could be as emissions-intensive as coal power or even more, a new study reveals. 30 January 2018 In less than two weeks the Trans Adriatic Pipeline (TAP), a key section of the Southern Gas Corridor, could be awarded a record EUR […]

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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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Out for Summer, Episode 2: how public banks support an unsustainable farming giant in Ukraine, ignoring communities’ rights

Myronivsky Hliboproduct (MHP) is a poultry farming giant operating in Ukraine. The company has received several loans by public banks including the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), even though its activities are seriously impacting the environment and local rural communities. The banks have so far declined any […]

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Thousands urge European Commission to ditch biodiversity offsetting

As the European Commission concludes its consultation on biodiversity offsetting, over 9000 people and 65 organisations have signed a letter urging the Commission not to pursue policy related to biodiversity offsetting (BO). They fear it would “harm nature and people, and give power to those who destroy nature for private profit.” The consultation sought views […]

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Biodiversity offsetting, making dreams come true

Biodiversity offsetting makes dreams come true. It is the license that can make bad developers’ dreams a reality. Across the world offsets already justify the destruction of irreplaceable ecosystems to make way for mining projects, motorways, pipelines … Europe is the new frontier for biodiversity offsets.The European Union is considering new legislation that permits biodiversity […]

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