Archive | April, 2014

Energy, work and finance

Politicians and environmental activists often make it seem as if a transition to a green, climate-friendly energy future were primarily a matter of finding and deploying trillions of dollars to replace fossil fuels, improve energy efficiency, solve energy poverty, and so on. But they seldom ask just what these “trillions” might consist of, what ATM […]

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Quand des séismes font trembler la politique européenne de sécurité énergétique

By Maxime Combes, Xavier Sol, originally appeared on Bastamag Comment financer des infrastructures en période d’austérité budgétaire ? Plutôt que de passer par les banques, l’Union européenne encourage le recours aux marchés financiers. C’est l’Espagne qui a ouvert la voie des « project bonds » avec le lancement de Castor, un projet pilote de stockage de gaz naturel […]

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Campaigners urge the European Investment Bank to make report into Glencore’s tax affairs public

A report into Glencore’s tax affairs by the European Investment Bank (EIB) must be made public, according to an open letter from international campaign groups. The EIB announced an investigation into Glencore’s copper mine subsidiary Mopani in May 2011, after the leak of a draft audit that raised concerns over tax avoidance. Glencore (up 3.9p […]

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European Investment Bank accused of suppressing Zambian mining report

NGOs demand publication of bank’s report into claims of tax avoidance by Glencore Xstrata-owned Mopani Copper Mines By Sam Jones, originally appeared in the Guardian The European Investment Bank (EIB) has been accused of engaging in a hypocritical “cover-up” of its report into allegations of tax avoidance by a Zambian mining firm largely owned by […]

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NGO letter urges the EIB to make Mopani/Glencore report public

Counter Balance in coordination with ten other NGOs has written a letter to the EIB’s president, Werner Hoyer,  to express our grave concern about the secrecy surrounding the Bank’s investigation of  tax evasion  and  avoidance  allegations  against  Mopani  Copper  Mines  plc,  a  Zambian  company, which is largely owned by GlencoreXstrata.  The investigation was announced by […]

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