Archive | July, 2020

The EIB fossil fuels ban: The proof is in the pudding

This blogpost builds on our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” to expose the loopholes of the new energy policy and the many gas projects that continue to be approved by the European Investment Bank (EIB). As last week’s blogpost has similarly shown, the risk that the EIB will […]

Read more

EU Watchdog Radio: Episode 10 – An EU love affair with fossil fuel

In this tenth episode, German investigative reporter Harald Schumann describes how and why many EU member states seem to still have a crush on fossil fuels. Despite the overwhelming knowledge and practical evidence of the effects of climate change, governments keep subsidizing the use of fossil fuels. Schumann and his colleagues from the pan-European journalistic […]

Read more

Green and renewable gas: the risk of financing fossil fuels through the back door

This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” which uncovers some of the key areas where there are genuine risks that the European Investment Bank (EIB) will support “greenwashing practices”. Among these are the false promises of “green” or “renewable” gas, a trap […]

Read more

“Infrastructure mega corridors: a way out (or in) to the crisis? “

Translated from an original blogpost in Italian by Elena Gerebizza and Filippo Taglieri from Re:Common introducing their new report: “The great illusion. Special economic zones and infrastructure mega-corridors, the way to go?”  In the last few months our lives have changed dramatically. Many of us lost their jobs while many others continued working under extreme […]

Read more

EU Watchdog Radio – Episode 9: EU Green Deal or Grey Deal?

In this ninth episode, Belén Balanyá and Lala Hakuma Dadci both researcher and campaigner at Corporate Europe Observatory, take a step back and have a critical look at what is currently happening with the EU flagship project the EU Green Deal (EGD). The EGD could be one of the most important and hopeful EU policy […]

Read more
EP Brussels

European Parliament asks European Investment Bank to double down on sustainability and transparency

July 10, 2020Brussels, Prague The European Parliament has called on the European Investment Bank (EIB), the world’s largest public lender, to facilitate Europe’s effort to tackle the climate crisis by fully aligning its investment policies and practices with the Paris climate accord. Yesterday, the European Parliament approved two reports (see here and here) on the […]

Read more

EU Watchdog Radio – Episode 8: EU Climate Bank – Greenwashing or Banking Revolution?

In this eighth episode, Clara Bourgin, research and policy assistant at Counter Balance digs into the recent commitments taken by the Europe Investment Bank (EIB) – the lending arm of the European Union – to become the “EU Climate Bank”. Back in November 2019, the EIB took the groundbreaking decision to phase out its support […]

Read more

The EIB as climate bank: Leader of the pack or pulling up a smokescreen?

A shorter version of this article can be found on Climate Home News. The European Investment Bank (EIB) has announced its plan to become the “EU Climate Bank” with big fanfare at the end of 2019. The turning point was the approval of a new energy policy phasing out support to fossil fuels and the […]

Read more

[REPORT] Too soon to call the EIB the “EU Climate Bank”

A new report released by the NGO coalition Counter Balance shows that it is too soon to call the EIB the “EU Climate Bank”. The EIB is planning to become the “EU Climate Bank” and to align all its operations with the objectives of the Paris Agreement through the creation of a Climate Roadmap. The EIB […]

Read more

EU Watchdog Radio – Episode 7: Tainted Love – corporate lobbying and the German EU Presidency

In this seventh episode Vicky Cann, researcher and campaigner at Corporate Europe Observatory (CEO) and Nina Katzemich EU Campaigner at LobbyControl dig into so called the green credentials of the German government. They explain how the German Government’s ‘love affair’ with gas and the unconditional support for its automobile sector are two clear cut examples […]

Read more