Archive | February, 2013

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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The European Commission refuses to publicly meet CSOs on post-Rio+20 framework

A group of CSOs active within the European network to “stop the financialisation of nature” submitted their views on the follow up of the Rio+20 United Nations Conference on Sustainable Development following a consultation on the subject opened by the European Commission. In particular they questioned the bias in the Commission’s questionnaire – used as […]

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Half a billion of European public money well spent in Brazil?

What is the reason behind the European Investment Bank’s 500 million loan to the Brazilian development bank BNDES? The public money comes from the ‘climate funds’ intended for projects to stop climate change. Does this make BNDES the most logical choice? Anouk Franck of our Dutch partners organisation Both Ends went to Brazil to find […]

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‘It is time the EU scraps its carbon Emissions Trading System’

A growing group of civil society organisations[i] – including Counter Balance – is calling on the EU to abolish its Emission Trading System (ETS) to open space for truly effective climate policies. Today they release a joint declaration that highlights the many structural loopholes the ETS is facing, that the proposed reform proposals put forward […]

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A mostly accommodating lion’s den – the second civil society meeting with the EIB Board of Directors

A meeting of civil society and the European Investment Bank’s Board of Directors saw a surprising degree of agreement between two often adverse groups. Originally posted on the Bankwatch website by Anna Roggenbuck, EIB campaign coordinator. This week saw the second ever meeting between the European Investment Bank’s Board of Directors and civil society representatives. It may […]

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Open letter requesting a moratorium on public lending to Egypt

In light of President Morsi’s anti‐democratic actions and the resultant violence, Egyptian and European NGOs sent an open letter to the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) calling on both public banks to stop lending to the Egyptian government: Letter to the EIB Letter to the EBRD

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