Archive | October, 2019

Major gas projects in Romania enabled by regulatory acrobatics

At a time when public calls for tackling the causes of the climate crisis are growing, Romania’s gas industry has been expanding, courtesy of the Parliament and international financial institutions. A new report released today by the environmental group Bankwatch Romania finds that much of the burgeoning gas development in Romania over the past two […]

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Decision on a fossil fuels ban at the EIB postponed once more

Today the European Investment Bank (EIB) decided to again, postpone the long overdue adoption of a new Energy Lending Policy. This delay is mostly due to tensions around the EIB’s proposal to phase out lending to fossil fuels. Several shareholders, including Germany, and the European Commission are pushing back on what would be a precedent […]

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European Commission criticises the EIB’s role as a development bank

The European Commission recently published an evaluation of EIB development operations under its External Lending Mandate during the period 2014-2018. The Commission’s findings confirm our previous assessments and repeated calls for improvements in the fields of transparency, human rights due diligence and development impacts of EIB projects. The European Investment Bank (EIB) has for years […]

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Open letter from NGOs to support a fossil fuels ban at the EIB

Over 70 civil society groups call on European Investment Bank to stand behind proposal to stop funding fossil fuels, and to fight European Commission attempts to undermine ambition Today, over 70 civil society groups spanning dozens of countries – including major international groups – sent a public letter to European Investment Bank (EIB) leadership, calling […]

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Too soon to call the “Juncker Plan” a success – new report

October 1, 2019 Brussels, Prague The EU’s next major investment scheme, succeeding the so-called Juncker Plan, is likely to be central to the ‘European Green Deal’ touted by European Commission President Ursula von der Leyen. But a report released today by watchdog NGOs Counter Balance and CEE Bankwatch Network finds the Juncker Plan has so far […]

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