Archive | February, 2019

Development in Reverse – Episode 3: the Nepal Marsyangdi Corridor

The European Investment Bank (EIB) is funding the expansion of parts of the Nepal power system. The Marsyangdi Corridor, passing over homes, lands forests and community spaces in the Lamjung district, Western Nepal, raises particular concerns about the impact on the local Gurung Indigenous Peoples. Our new infographic explains more. For further details on the […]

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Development in Reverse: Episode 2 – the Mombasa road

A project financed by the European Investment Bank in Kenya has caused repeated human rights concerns, including forced evictions, retaliation towards evicted communities and violation of the right to information and to language. We produced a new infographic summarizing all the problematic aspects of this alleged “development” project. Download it here.   >> Check out […]

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Development in Reverse – Episode 1: Ombudsman bashes EIB for mishandling a mining fiasco

Brussels – In an unprecedented ruling, the European Ombudsman concluded that the European Investment Bank (EIB) mishandled complaints about a major mining project it financed in Madagascar. The Ombudsman ruled maladministration for the EIB massive delays in handling the case and highlighted the poor monitoring on the implementation of the project on the ground. The […]

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Looting 2.0: supporting state capture at the Krk gas terminal

Looting2_0 11 February 2019 Re:Common, together with Counter Balance and Zelena Akcija/Friends of the Earth Croatia published a new report questioning the hidden interests behind the new LNG Terminal that Croatia wants to build on the island of Krk. Over the last decade, the building of a Liquefied Natural Gas (LNG) and regasification plant on the […]

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[DE] Keinen Cent mehr für Gas

Originally published on taz.de Die Kampagne „Fossil Free EIB“ will, dass die Europäische Investitionsbank für fossile Energieprojekte keine Kredite mehr vergibt. Vor allem nicht für Gas. BERLIN taz | Mehrere Nichtregierungsorganisationen haben vor kurzem die Kampagne „Fossil Free EIB“ gestartet. Ihr Ziel: Die Europäische Investitionsbank (EIB) soll künftig keine Projekte mit fossilen Brennstoffen wie Kohle, Öl und Gas finanzieren. […]

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The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project

PRESS RELEASE CEE Bankwatch Network, Counter Balance, Friends of the Earth Europe, Re:Common February 7, 2019 Brussels In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it […]

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EU bank urged to free itself from fossil fuels and take climate leadership, as it discusses new energy policy

Brussels, 4 February 2019 Civil society calls on European Investment Bank (EIB)’s President Werner Hoyer to take a bold stance in the fight against climate change and lead the bank out of fossil fuels by shifting its investments towards renewable energy and energy efficiency. The  “Fossil Free EIB” campaign has been launched today alongside a […]

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