Archive | May, 2014

Nature is not for sale – 2nd Forum on Natural Commons

Where and when June 2nd, 5-8pm Regent’s Park Hub, London Invitation The UK government appears hell-bent on pushing through biodiversity offsetting – which will allow wildlife and habitats to be destroyed across the country, so long as it is ‘replaced’ elsewhere. The policy is inherently flawed: biodiversity offsetting ignores the difficulties in recreating ecosystems, it […]

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More repression, more money – Financing transtion in Egypt

New cases of arbitrary repression against civil society happened in the run-up to the presidential elections in Egypt. A look at the loans so far approved by the European Bank for Reconstruction and Development suggests that those in power have been more successful in receiving the bank’s support. This blog was written by Kuba Gogelewski, […]

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More repression, more money – Financing transition in Egypt

 New cases of arbitrary repression against civil society happened in the run-up to the presidential elections in Egypt. A look at the loans so far approved by the European Bank for Reconstruction and Development suggests that those in power have been more successful in receiving the bank’s support. By Kuba Gogolewski MENA project coordinator Last […]

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Polluted Promises: how Shell failed to clean up Ogoniland

Download the report here. Shell is responsible for a toxic legacy in the Niger Delta. People are dying, sick, can’t feed themselves and have no clean water because Shell destroyed their environment by drilling for oil. UNEP researched the destruction, publishing a report in 2011. The report concluded that Shell had not taken sufficient action […]

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European Pilot infrastructure project in Spain may cause a financial fiasco

The Castor project, a gas storage platform in Spain might be on hold for ever after a scientific report proves it is responsible for hundreds of earthquakes in the region of Valencia in autumn last year. If no solution is found by the end of November 2014 the Spanish government is obliged to take over […]

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EBRD in Egypt for the long haul despite tough start

Source: Pete Guest, Emerging Markets The EBRD will stay the course in Egypt, despite the severe political headwinds that have held back the bank’s investments, according to Hildegard Gacek, the managing director responsible for the southern and eastern Mediterranean region at the multilateral The bank began investing in earnest in Jordan, Tunisia, Egypt and Morocco […]

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EBRD funds polluting Polish billionaire instead of local companies in Tunisia

In the summer of last year, the European Bank for Reconstruction and Development (EBRD) approved a 60 million euro loan to Serinus Energy for financing the development of four oil and gas fields in Tunisia (Sabria, Chouech Essaida, Ech Chouechand Sanrahr) between 2013 and 2017. Among the motivations for this loan, the EBRD quotes „supporting […]

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Who is Jan Kulczyk, the man behind Serinus Energy?

In the summer of last year, the European Bank for Reconstruction and Development (EBRD) approved a 60 million euro loan to Serinus Energy for financing the development of four oil and gas fields in Tunisia (Sabria, Chouech Essaida, Ech Chouechand Sanrahr) between 2013 and 2017. Among the motivations for this loan, the EBRD quotes „supporting […]

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Guest post: EBRD justification for supporting coal in Egypt’s cement industry is negligent

Colleagues from the Egyptian Centre of Economic and Social Rights criticise the European Bank for Reconstruction and Development’s too lax approach when examining its activities in Egypt’s cement sector. Isabel Bottoms Environmental Justice Programme Officer, ECESR Early in 2014 those of us at the Egyptian Centre of Economic and Social Rights (ECESR) working separately on […]

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