A mostly accommodating lion’s den – the second civil society meeting with the EIB Board of Directors

A meeting of civil society and the European Investment Bank’s Board of Directors saw a surprising degree of agreement between two often adverse groups. Originally posted on the Bankwatch website by Anna Roggenbuck, EIB campaign coordinator. This week saw the second ever meeting between the European Investment Bank’s Board of Directors and civil society representatives. It may […]

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Open letter requesting a moratorium on public lending to Egypt

In light of President Morsi’s anti‐democratic actions and the resultant violence, Egyptian and European NGOs sent an open letter to the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) calling on both public banks to stop lending to the Egyptian government: Letter to the EIB Letter to the EBRD

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Slovenian art against Sostanj at the European Commission in Brussels

Members of European Parliament call on EIB not to finance Slovene lignite power plant

In an unambiguous letter Members of the European Parliament have reminded the European Investment Bank of the economic and environmental risks that the Sostanj lignite power plant project poses for Europe and Slovenia. Originally posted on the Bankwatch website by Anelia Stefanova, Campaigns director. Members of the European Parliament have called upon the European Investment Bank’s President […]

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CSOs challenge biased European Commission consultation process

After the disappointing Rio+20 summit last summer, the European Commission’s follow up consultation round continues in the same vein. A biased round of questions reveals the ideological background of the Commission when dealing with these and other issues. In a letter to Commissioner Potocnik a number of civil society organizations call on the EC to […]

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EIB Capital Increase May Not Further EU Goals

Brussels — Last week’s ten billion euros capital increase for the European Investment Bank (EIB), allowing the bank to lend 60 billion euros extra over the next three years, must come with clear commitments from the bank to stop loans for dirty energy, say NGOs. The EIB’s shareholders, the 27 EU member states, voted unanimously […]

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[interview] Killing in the name of

Jutta Kill explains her fight for the end of carbon markets With another disappointing climate summit behind us it looks like a new end of year tradition is in the making. As a consolation prize, the Kyoto Protocol – which covers only 15% of global greenhouse gas emissions – was extended. Just enough to keep […]

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Input to EIB’s energy policy review

In the coming months the EIB will revise its energy lending policy. An unique chance for the bank to turn away from from coal and other fossil fuels lending and fully opt for renwables and energy efficiency projects. In our submission to the Bank we touch on many issues including energy lending in the South, […]

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Blood pours from the head of a democracy protestor while being attacked by the Muslim Brotherhood’s informal militia

NGOs call for EU public bank lending moratorium in Egypt amidst violent repression

Brussels/Cairo/London – Egyptian and European NGOs call on the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) to stop lending to the Egyptian government. In an open letter to both banks, they express their concern about the current situation [1]. “President Morsi’s undemocratic power grab and the resultant violence run […]

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Complaints of affected communities still not fully addressed

European Ombudsman will investigate EIB’s failures in Bujagali Hydro case

Brussels/Kampala – The European Ombudsman will investigate a complaint against the European Investment Bank for maladministration in the Bujagali hydro project in Uganda. The Ombudsman’s decision to investigate the case is a blame for the EIB which failed to adequately address the initial complaint filed three years ago by four NGOs. “The ombudsman investigation proves […]

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Europe should ditch the Emission Trading Scheme, say environmental NGOs

By ClickGreen Seven years after its launch, the EU Emission Trading System has failed to achieve its own objectives. The European Commission itself came to this conclusion as it proposed different options to fix the trading mechanism today. According to a group of leading NGOs, one important option is missing from the Commission’s document – […]

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