Development in Reverse: Episode 2 – the Mombasa road

A project financed by the European Investment Bank in Kenya has caused repeated human rights concerns, including forced evictions, retaliation towards evicted communities and violation of the right to information and to language. We produced a new infographic summarizing all the problematic aspects of this alleged “development” project. Download it here.   >> Check out […]

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Development in Reverse – Episode 1: Ombudsman bashes EIB for mishandling a mining fiasco

Brussels – In an unprecedented ruling, the European Ombudsman concluded that the European Investment Bank (EIB) mishandled complaints about a major mining project it financed in Madagascar. The Ombudsman ruled maladministration for the EIB massive delays in handling the case and highlighted the poor monitoring on the implementation of the project on the ground. The […]

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Looting 2.0: supporting state capture at the Krk gas terminal

Looting2_0 11 February 2019 Re:Common, together with Counter Balance and Zelena Akcija/Friends of the Earth Croatia published a new report questioning the hidden interests behind the new LNG Terminal that Croatia wants to build on the island of Krk. Over the last decade, the building of a Liquefied Natural Gas (LNG) and regasification plant on the […]

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Help Reform the EIB!

Sign the petition for an improved EU bank. In May, as EU citizens we will be called to elect our new representatives at the European Parliament. This democratic choice will be essential to make sure they push on our behalf to shape the kind of Europe we want to live in. And an improved European […]

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[DE] Keinen Cent mehr für Gas

Originally published on taz.de Die Kampagne „Fossil Free EIB“ will, dass die Europäische Investitionsbank für fossile Energieprojekte keine Kredite mehr vergibt. Vor allem nicht für Gas. BERLIN taz | Mehrere Nichtregierungsorganisationen haben vor kurzem die Kampagne „Fossil Free EIB“ gestartet. Ihr Ziel: Die Europäische Investitionsbank (EIB) soll künftig keine Projekte mit fossilen Brennstoffen wie Kohle, Öl und Gas finanzieren. […]

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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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Parliament demands EIB to up its game on climate and human rights

Brussels, Strasbourg, 17/1/2019 Today, the European Parliament approved two reports (see here and here) on the activities of the financial arm of the EU – the European Investment Bank (EIB). The two reports differ on some aspects – the one led by a far-right political group being less critical than the Budgetary Control committee’s – […]

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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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