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Is the EIB cooling climate change or fueling it? New report sceptical about EU bank's investments in renewables

With the European Commission sponsored Green Week underway in Brussels, a new study has found that the European Investment Bank's commitment to investing in renewable energy is in serious doubt owing to the EIB's opaque information procedures and its definition of renewable energy projects.

Georgians demand action to save their homes from oil pipeline. Official complaint to IFC reveals shocking BTC negligence

Residents of Rustavi, Georgia's third city, have today submitted an official complaint to the International Finance Corporation (IFC) concerning the potentially disastrous construction of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline only 250 metres from a settlement of high-rise buildings. [1] The residents are taking this step following a prolonged period of uncertainty for them and their homes, a lack of information and response from officials in Georgia and violent intimidation from the regional police force.

BTC pipeline court case in Tbilisi, Georgia on January 20

The democratic values of Mikhail Saakashvili's Georgia will come under scrutiny next week when Georgian environment group Green Alternative brings legal proceedings against the Georgian government and the Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co).

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