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“Nature destruction cannot be compensated for” say NGOs warning communities against biodiversity offsetting

Brussels/Rome, 26 October 2017 As the world’s forests, lands and waters keep being destroyed, the people whose livelihoods are deeply linked to these places cannot continue their way of life and are often pushed into poverty and hunger. At the same time, the very actors profiting from this destruction have found a way to come […]

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EU bank lent €5.3 billion to fossil fuel projects between 2014 and 2016 despite climate urgency

Brussels, 28 September 2017 While depicting itself as a pioneer in the global fight against climate change, the European Investment Bank (EIB) still massively endorses fossil fuel projects, dooming the EU to fail the Paris agreement commitments. The EU’s bank irresponsible climate conduct figures among the conclusions of a new report by the Overseas Development […]

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Counter Balance’s 10th anniversary

As European public banks have gained a more and more important role, over the last decade at Counter Balance we have been working to make sure these institutions lead the transition towards a more sustainable and equal society. We are glad to celebrate our 10th anniversary through a brief overview of our achievements and future […]

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How Europe’s bank spends cash for climate undermines Paris commitments

May 22, 2017 Prague, Brussels The EU’s 28 finance ministers will be meeting tomorrow (May 23) to discuss the priorities of the European Investment Bank (EIB) for the coming year. A new analysis finds the bank’s contribution to Europe’s response to the climate crisis has been worryingly insufficient and needs to be stepped up. An […]

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EIB pioneer investment in climate fund turns into a crash dive, according to NGO report

Brussels, 28 Feb Showcased as the ultimate initiative to fight climate change, the European Investment Bank (EIB)’s participation in the Althelia Climate Fund is nothing like the social and environmental success it was described to be – say the NGO Re:Common and Counter Balance in a new report released today. Contributing up to €25m in […]

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Trans-Adriatic Pipeline a major risk for banks, warns new analysis

Brussels, Belgium — An analysis published today by the finance watchdog groups Counter Balance and BankTrack has warned potential commercial bank investors to steer clear of the Trans-Adriatic Pipeline (TAP) owing to the project’s non-compliance with the Equator Principles, a set of risk management guidelines for project finance adopted by 89 commercial banks around the […]

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