Archive | September, 2013

EIB financing of the OLT Toscana Offshore LNG in Italy

Looking into the EIB financed LNG Terminal in Livorno, Italy, still arises questions concerning the economic and financial sustainability of the project, that very likely could not have been built without the public financial support it received. If you consider the environmental impact and the local resistance it can be questioned why such projects should […]

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Briefing on the External Lending Mandate of the EIB

The European Parliament is preparing the EIB’s new external lending mandate. The mandate will enter into force in 2014 and will guide the bank’s activities outside the European until 2021. Read our assessment of this strategic document.

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Open letter to the president of the EBRD regarding the energy policy review

Over 50 civil society organisations wrote to Sir Suma Chakrabarti, president of the EBRD, expressing their expectations and concerns regarding the ongoing revision of the bank’s energy policy. This open letter is another signal – after a successful petition, calling on the bank to quit coal – that the people are watching the EBRD and […]

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Coal fired power plant in Romania

Pressure builds on EBRD to quit coal lending

The European Bank for Reconstruction and Development lags behind other major international financial institutions that are moving away from supporting dirty energy projects. As the European Bank for Reconstruction and Development holds a series of consultations on its draft energy policy this week, pressure is growing on the bank to stop financing new fossil fuel […]

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