Archive | April, 2018

Global Gas Lock-in. Bridge to nowhere

Originally published by Rosa Luxemburg Stiftung. Fossil gas is gaining ground and increasing in importance in the global energy scenario. There are numerous publications and studies evaluating the risk of fuels such as crude oil and coal, but in the case of gas it is more difficult to find critical analyses of the risks involved […]

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Public Infrastructure in Southeast Europe – in whose interest?

A group of 10 NGOs from 7 countries forming the “Balkan Monitoring Public Finances“ project published today a study and policy briefing examining trends in public infrastructure projects in southeast Europe, including the role of the EU and financing institutions. The study includes several case studies of controversial projects financed by the European Investment Bank […]

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EU climate commitments gassed by toxic subsidies

Originally published on the CAN Europe website. European politicians may be talking up their climate action, but in reality the EU is still subsidising new gas infrastructure that will lock Europe into the fossil fuel age for decades. The gas projects are also associated with human rights violations, corruption, and environmental destruction. Gas is a […]

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A tour in the EU lobby world

Who influences the decision-making in the European Union? And how? Welcome to the complex – and often shady – world of lobbies. While the Brussels EU bubble can be perceived as an unclear ghost entity, it is actually a solid reality: estimations count 25,000 lobbyists revolving around the EU institutions, and their activities deserve a […]

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Counter Balance Activity Report 2017

All you need to know about our activities in 2017 in a short booklet. Read our 2017 Activity Report here.

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EIB must take these 10 actions towards fair taxation

Originally published by CTMfile. 3rd Apr 2018 by Bija Knowles The European Investment Bank (EIB) must clean up its act on fiscal matters and develop a more responsible taxation policy, says a report released today by Counter Balance, a European coalition of development and environmental non-governmental organisations. Xavier Sol, the director of Counter Balance, writes […]

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EU’s Main Lender Still Tied to Tax Havens, Watchdog Warns

Originally published on Bloomberg BNA. April 4, 2018 By Joe Kirwin The European Investment Bank continues to provide loans for development projects that involve companies or financial groups that either use or are based in tax havens, according to a watchdog group. The European Commission blocked EIB projects worth more than $1 billion in 2016 […]

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No more excuses: The EIB needs a responsible policy against tax abuses

Originally published on Euractiv. By Antonio Tricario and Xavier Sol Apr 3, 2018 The European Investment Bank is a public institution and supports projects in the name of EU policies. It is therefore high time for the EU bank to ask for more than what commercial banks do for the sake of justice and broader […]

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EIB needs to commit to responsible taxation policy, NGO coalition says

Originally published on Euractiv. By Claire Stam – Apr 3, 2018 Version française ici. On the second anniversary of the Panama Papers tax scandal, the European coalition of development and environmental non-governmental organisations, Counter Balance, urged the European Investment Bank (EIB) to develop a comprehensive and responsible taxation policy. To back its claim, Counter Balance […]

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TAX HAVENS — EIB UNDER ATTACK

By Bjarke Smith-Meyer Originally published on POLITICO Pro Morning Exchange. Brussels NGO Counter Balance has hit out at the European Investment Bank for signing contracts with private equity funds that are based in tax havens. The NGO launched the attack in a report out today, proposing a list of key recommendations that the EIB should […]

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