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EIB to stop financing fossil fuels by end 2020

Today, the European Investment Bank (EIB) published a draft of its new Energy Policy which proposes to end support to all fossil fuels beyond 2020. The draft policy is now to be approved by the bank’s shareholders, the EU Member States. Brussels, 26 July 2019 The EIB, the financial arm of the European Union, is […]

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Human Rights Defenders in EIB-financed projects: a long way to go

From Colombia to Kenya, 25 cases of threats and attacks against human rights defenders reveal how development financiers can fuel abuses or help fight them By Aleksandra Antonowicz-Cyglicka, Bankwatch A new report from the Coalition for Human Rights in Development and the Defenders in Development Campaign reveals the alarming impact ill-planned investments in infrastructure, energy, […]

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Racing against the clock: Kenyan villagers under imminent threat of eviction by project under EU’s bank’s appraisal

Originally published on bankwatch.org Today’s European Development Days forum in Brussels with its aspirational motto ‘building a world which leaves no one behind’ is an ironic backdrop to what is happening in the remote parts of Kenya, where a whole community is facing a threat of forced eviction by a project under appraisal of the […]

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#EP2019: Will you stand up for financial justice?

The objectives of the European Union are being diverted from its foundations as a union for peace and solidarity, towards servicing the interests of the financial elite. As part of the Citizens for Financial Justice network, we’re calling on European election candidates to stand up for financial justice and pledge to put people before profit: […]

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Development in reverse, Episode 4: MHP agri-food in Ukraine

In Ukraine, the EIB, together with the EBRD, the IFC and some export credit agencies, is financing the company Myronivsky Hliboproduct Pjsc (MHP), controlling all aspects of the poultry production chain, with an 82 million EUR loan. Being among the three main suppliers of poultry to the EU, the company has virtually grown into a […]

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Our Activity Report 2018

Our 2018 activities, successes and future challenges in a short booklet.

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New Report: Turning forests into hotels – The true cost of biodiversity offsetting in Uganda

The continuation of the extractivist model requires tools that allow to circumvent the law and to make possible what was previously unimaginable. A biodiversity offset project in Uganda has enabled the World Bank to turn a forest into a luxury resort. While international tourism groups are cashing in, local communities are being pushed off their […]

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Rebuilding the world: the hubris behind the global infrastructure agenda

Originally published on OpenDemocracy By Xavier Sol Infrastructure is not just about bricks and mortar. It is about systematic wealth extraction from local communities, whose territories are permanently reshaped in the name of capital accumulation. This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The […]

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Event “Turning forests into hotels” – April 15th, Brussels

SAVE THE DATE! April 15, 2 PM – Mundo B, Brussels Re:Common and Counter Balance are glad to announce the event “Turning Forest into Hotels”, that will take place on Monday, April 15th at Mundo-B, Brussels. Our new investigation exposes how a World Bank project that was supposed to protect biodiversity in Uganda is making […]

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Record citizens’ input to EU bank’s consultation calls on the bank to urgently abandon fossil fuels

Brussels, 28 March 2019 Today, as they submit their official contribution to the public consultation on the European Investment Bank (EIB)’s new Energy Lending Policy, citizens, civil society and local authorities call for the world’s largest public lender to end its support for fossil fuels projects. In the moment of highest public engagement with the […]

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