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VIDEO: The song of the EIB

On the occasion of the EU elections 2019, Counter Balance and its partners call the citizens’ attention on the bank of the EU – the European Investment Bank (EIB). What does it do? What are the challenges it has gone through so far? What the aspects that need improvement? And what can the citizens do […]

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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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How to turn the EU’s house bank from climate laggard to leader?

Online media briefing: Friday, January 25, 11:00am-12:00 noon CET Join via this link: https://zoom.us/j/429943878 Next week, the European Investment Bank (EIB) will be holding its annual press conference where President Werner Hoyer is expected to give an overview of the bank’s performance over the past year and its outlook for 2019. Reflecting on the EIB’s investments in the […]

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Future EU investment package falls short of climate ambition

Strasbourg/Brussels, 16 January 2019 Today the European Parliament took a disappointing stance on climate when voting to approve the establishment of InvestEU, the EU’s financing tool to attract private investments – say NGO groups CEE Bankwatch Network, Climate Action Network (CAN) Europe, WWF European Policy Office, and Counter Balance.  The approved investment package keeps the […]

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Government resistance over ‘green’ investments

Originally published on ENDS Europe. Raquel Guerra, 14 Dec 2018 The introduction of binding EU rules on the disclosure of environmental, social and governance (ESG) considerations for financial benchmarks could face resistance from national governments, according to an Austrian Presidency working document. The ‘green’ financial benchmarks are intended to measure the environmental performance of investments […]

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