Archive | March, 2013

Blurry blending

Official Development Assistance (ODA) budgets are under pressure – but never fear, the private sector is here to fill the gap. In short, that’s the EU’s answer to declining ODA budgets in times of crisis. How does this work? One word: “blending”. By Berber Verpoest, Counter Balance and María José Romero, Eurodad Mixing grants and […]

Read more

Will the new EIB anti-fraud policy finally live up to its name?

How far is the EIB willing to go to avoid more corruption linked to its activities? After OLAF investigations in the Ibori and the Sostanj cases especially, this is the key question that will determine the success of EIB’s new anti fraud policy. By Xavier Sol, Counter Balance director Counter Balance, together with The Corner […]

Read more

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, […]

Read more

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 […]

Read more

Aid to the private sector: promoting responsible investments? Latin America as a testing ground (Room A1E-2)

Jürgen KLUTE – Confederal Group of the European United Left – Nordic Green Left Franziska KELLER – Green/European Free Alliance Charles GOERENS – Group of the Alliance of Liberals and Democrats for Europe Gay MITCHELL – Group of the European People’s Party Invite you on 21 March in the European Parliament to discuss the pros […]

Read more

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 […]

Read more

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 […]

Read more