Tag Archives: EIB

Counter Balance submits its contribution for the EIB Energy Lending Policy

As part of the public consultation opened by the EIB, the Counter Balance coalition, together with Focus Association for Sustainable Development – Slovenia, submitted its contribution to the bank’s Energy Lending Policy review. Read the submission here.

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Development in Reverse – Episode 3: the Nepal Marsygandi Corridor

The European Investment Bank (EIB) is funding the expansion of parts of the Nepal power system. The Marsygandi Corridor, passing over homes, lands forests and community spaces in the Lamjung district, Western Nepal, raises particular concerns about the impact on the local Gurung Indigenous Peoples. Our new infographic explains more.   For further details on […]

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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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