EIB must stop funding fossil fuels, say 70 civil society groups

Brussels, 13 June 2019 Ahead of a meeting of the EU bank’s Governors in Luxembourg on Friday, 70 civil society organisations, think tanks and academics across Europe call for a fossil-free European Investment Bank (EIB) in a joint statement released today On June 14th, the EU Finance Ministers will gather in Luxembourg(1) as Governors of […]

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Our Activity Report 2018

Our 2018 activities, successes and future challenges in a short booklet.

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First overhaul the investment bank for a greener EU

Originally published on EU Observer. By Adriana Paradiso In a few weeks, as European citizens we will be called to elect our new representatives at the European Parliament. This democratic choice will be essential to make sure they push on our behalf to shape the kind of Europe we want to live in. And an […]

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Human Rights Defenders in EIB-financed projects: a long way to go

From Colombia to Kenya, 25 cases of threats and attacks against human rights defenders reveal how development financiers can fuel abuses or help fight them By Aleksandra Antonowicz-Cyglicka, Bankwatch A new report from the Coalition for Human Rights in Development and the Defenders in Development Campaign reveals the alarming impact ill-planned investments in infrastructure, energy, […]

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Racing against the clock: Kenyan villagers under imminent threat of eviction by project under EU’s bank’s appraisal

Originally published on bankwatch.org Today’s European Development Days forum in Brussels with its aspirational motto ‘building a world which leaves no one behind’ is an ironic backdrop to what is happening in the remote parts of Kenya, where a whole community is facing a threat of forced eviction by a project under appraisal of the […]

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EU leaders keep saying climate is a priority. Here’s something they can do

Originally published on Climate Home News The European Investment Bank is the world’s largest multilateral lender and it keeps funding fossil fuels. Next week EU finance ministers can change that By Xavier Sol and Adriana Paradiso Fixing our climate is one of the biggest challenges our politicians will have to face in the years to come, […]

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#EP2019: Will you stand up for financial justice?

The objectives of the European Union are being diverted from its foundations as a union for peace and solidarity, towards servicing the interests of the financial elite. As part of the Citizens for Financial Justice network, we’re calling on European election candidates to stand up for financial justice and pledge to put people before profit: […]

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Development in reverse, Episode 4: MHP agri-food in Ukraine

In Ukraine, the EIB, together with the EBRD, the IFC and some export credit agencies, is financing the company Myronivsky Hliboproduct Pjsc (MHP), controlling all aspects of the poultry production chain, with an 82 million EUR loan. Being among the three main suppliers of poultry to the EU, the company has virtually grown into a […]

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New Report: Turning forests into hotels – The true cost of biodiversity offsetting in Uganda

The continuation of the extractivist model requires tools that allow to circumvent the law and to make possible what was previously unimaginable. A biodiversity offset project in Uganda has enabled the World Bank to turn a forest into a luxury resort. While international tourism groups are cashing in, local communities are being pushed off their […]

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Rebuilding the world: the hubris behind the global infrastructure agenda

Originally published on OpenDemocracy By Xavier Sol Infrastructure is not just about bricks and mortar. It is about systematic wealth extraction from local communities, whose territories are permanently reshaped in the name of capital accumulation. This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The […]

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Event “Turning forests into hotels” – April 15th, Brussels

SAVE THE DATE! April 15, 2 PM – Mundo B, Brussels Re:Common and Counter Balance are glad to announce the event “Turning Forest into Hotels”, that will take place on Monday, April 15th at Mundo-B, Brussels. Our new investigation exposes how a World Bank project that was supposed to protect biodiversity in Uganda is making […]

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Who really needs the Krk LNG Terminal?

Originally published on euronews. By Elena Gerebizza, Re:Common Last week, local residents and environmentalists confirmed their opposition to the planned Liquefied Natural Gas (LNG) Terminal in Krk, Croatia. A flagship project for the Adriatic country, the LNG terminal also features as a Project of Common Interest at European level, despite continuing controversies on its environmental impacts, usefulness […]

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Development in Reverse – Episode 3: the Nepal Marsygandi Corridor

The European Investment Bank (EIB) is funding the expansion of parts of the Nepal power system. The Marsygandi Corridor, passing over homes, lands forests and community spaces in the Lamjung district, Western Nepal, raises particular concerns about the impact on the local Gurung Indigenous Peoples. Our new infographic explains more.   For further details on […]

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