Archive | June, 2013

Impunity Inc.

ODG, our Catalonian partner released a new report: “Impunity Inc.” (PDF). It highlights the “super-rights” and “super-powers” of transnational corporations through three case studies. An interactive map visualises the different cases and their negative impacts. The publication describes the abuses and violations of fundamental labour rights taking place on a daily basis inexport-oriented garment factories working for […]

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New EIB policy against EU principles, say climate activists

Originally appeared in New Europe Environmentalists have reacted angrily to the European Investment Bank (EIB)’s draft energy lending policy, the result of a review process launched last year. The EIB announced on 24 June the contents of its draft policy, which will be put to shareholders next month. According to a press statement, the EIB’s […]

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EIB outlines new energy lending criteria

Controversy remains over whether the bank should fund coal plants. By Dave Keating , originally appeared in the European Voice The European Investment Bank published new plans for assessment criteria for energy projects yesterday (24 June), but the plan did little to calm controversy over whether the bank should be funding coal plants. EIB lending […]

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New EIB Energy Policy: A Missed Opportunity

Brussels — The EU’s global leadership on climate change is set to take another blow if the European Investment Bank, the EU house bank and one of the world’s largest public lenders, adopts a future energy lending policy as presented yesterday to the public. The draft policy includes weaker standards for lending to coal plants […]

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Eleventh hour for Europe’s bank to lead on climate change

Brussels — Ahead of next week’s expected release from the European Investment Bank of its final draft energy policy, CEE Bankwatch Network and Counter Balance are urging the EU’s house bank to ensure that its annual portfolio of EUR 70 billion is guided by a policy that enables Europe to meet its long-term commitments on […]

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The G8, tax havens and the need to clean up our own “bank yard”

While the G8 leaders claim they are at war with tax avoidance, their own bank, the European Bank for Reconstruction and Development is involved in deals linked to offshore financial centres. Originally posted on the Bankwatch website by Anne-Sophie Simpere, MENA coordinator. Tackling tax avoidance was one of David Cameron’s priorities for the UK-hosted G8 meeting during […]

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Face the future

 A roundtable discussion on European public banks and energy lending “It’s your energy” goes the slogan of Electrabel, Belgian’s primary energy company. But of course that’s not true. If it was my energy, most of it would not be generated in the first place and what I used would not come from nuclear power plants, […]

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