Tag Archives: featured

EIB Energy Lending Policy: Stepping closer to a fossil free finance

On November 17, 2019 the European Investment Bank (EIB) announced its new Energy Lending Policy (ELP) and proclaimed it will become the EU #Climate Bank. Sounds great at first glance, but what’s next?  From avoiding a 2 year gas bonanza to making sure we put our money where our mouth is, there are a few key […]

Read more

Reality check: On the European Investment Bank’s willingness to fight fraud

Guest article by Dr. Daniel Beizsley (freelance researcher focusing on corporate crime and organisational malpractice) Over the last few months European Investment Bank (EIB) officials from the bank’s anti-fraud division have published 2 posts on the popular FCPA blog outlining steps the bank takes to prevent prohibited conduct in its operations and on its retroactive […]

Read more

Heating up – The negative impact of development banks supporting geothermal industry in Kenya

Guest article by Lotte Hughes (Independent scholar and historian of Kenya) “My feeling is like this is the end of the world, it is the end of us. Only a rich man can survive here.” Fatuma Hitler, 53-year-old Samburu woman, RAPland village, Kenya Geothermal energy is widely touted as green, clean, and good news for […]

Read more
EIB

New investigation reveals how the EU’s Bank fails to tackle fraud and corruption in its investments

19 November 2019 Investments made by the European Investment Bank are wide open to abuse by fraudsters, money-launders and corrupt politicians, according to a damming new investigation by Counter Balance. Although, on paper, the Bank has controls in place to reduce the risk of fraud and corruption, the Bank’s policies are poorly policed and full […]

Read more

World’s largest multilateral bank ends fossil fuels financing

14 November 2019 Brussels, Prague — Bankwatch, Counter Balance and a growing number of civil society groups have long been calling on the European Investment Bank (EIB), the EU’s house bank, to recognise the urgency of stemming the climate crisis and stop handing out public money to fossil fuel projects. Today, November 14, the bank’s […]

Read more

Our Activity Report 2018

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

Read more

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 […]

Read more

Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change

October 18, 2017 Prague, Brussels A USD 500 million loan approved today by the European Bank for Reconstruction and Development (EBRD) for the construction of the Trans Anatolian Pipeline (TANAP) would enable this massive fossil fuels project while overlooking the continued repression of civil society and media in both Azerbaijan and Turkey. Traversing Turkey, from […]

Read more

25 NGOs call for an independent and efficient Complaints Mechanism at the EIB

Brussels, 29/9/2017 Today, a group of 25 Civil Society Organisations provided comments on the draft Policy and Procedures for the Complaints Mechanism (CM) of the European Investment Bank currently undergoing public consultation. The signatories – a variety of groups based in Europe, the US and the Global South – call for fundamental reforms to the […]

Read more

Why Europe must turn off the gas TAP – NGOs, academics & artists sign against the pipeline

Dear Maroš Šefčovič, Vice-President of the European Commission for the Energy Union. Werner Hoyer, President of the European Investment Bank, and Suma Chakrabarti President of the European Bank for Reconstruction and Development. We call on the European Commission to withdraw support for the 878 kilometre long Trans Adriatic Pipeline (TAP), and on taxpayer-funded banks to […]

Read more