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Eleventh hour for Europe's bank to lead on climate change

Brussels -- Ahead of next week’s expected release from the European Investment Bank of its final draft energy policy, CEE Bankwatch Network and Counter Balance are urging the EU’s house bank to ensure that its annual portfolio of EUR 70 billion is guided by a policy that enables Europe to meet its long-term commitments on climate.

EURATOM loan to Ukraine nuclear programme must not go ahead

In March 2013 the Implementation Committee under the UN Espoo Convention ruled that Ukraine's expansion of the lifetime of its old nuclear reactors is in breach of the Convention (more details in our press release). Nevertheless the European Commission plans to decide on a EURATOM loan for the project.

The G8, tax havens and the need to clean up our own "bank yard"

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While the G8 leaders claim they are at war with tax avoidance, their own bank, the European Bank for Reconstruction and Development is involved in deals linked to offshore financial centres.


Off balance - The Georgian energy sector and the contradictions in EU policy and practice

This study reviews the development of greenfield hydro projects in Georgia and explores how current energy sector trends in the country relate – or otherwise – to sustainable energy principles.

Ukrainian ecologists call on EU not to fund new coal plants

Source: Arthur Neslen, EurActiv

A Ukrainian application for European funding of two new coal plants would cause massive health and environmental damage to local people from nitrogen oxide emissions and other related pollution effects, local environmental campaigners have told EurActiv.

[Campaign update] The reality of resettlement in Kolubara: Out of the frying pan into the fire

A quick visit to the Kolubara mining basin reveals that the resettlement there looks nothing like the presentation from the European Bank for Reconstruction and Development.


How strong are human rights safeguards in the EBRD's policies? Lessons learned from the Kolubara project

Experience with the implementation of the Environmental and Social Policy in the case of several controversial projects suggests that the EBRD's environmental and social safeguards are not robust enough and need strengthened. The case of the Kolubara coal mine 'Environmental Improvement' project, Serbia illustrates how the policy places most responsibilities on the client, and EBRD assessment and monitoring are excessively reliant on input from the client, even in cases when feedback from NGOs and communities consistently contradicts the claims of the project sponsor.

Letter on Kolubara lignite mine to the Delegation of the European Union to the Republic of Serbia

The letter brings the resettlement and expropriation issues that are connected to the Kolubara lignite mine to the attention of the EU's representation in Serbia. Enclosed were recent letters to the EBRD and the Serbian finance minister (pdf) as well as a guardian article that illustrates the urgency of these problems.

Divesting from coal is not ideology but climate science - a reminder for the EBRD

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The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch's EBRD campaign team to react.


Open letter to Serbian Minister for Finance and Economy concerning Kolubara resettlement

The open letter - signed by Srpski Centar Ekologije, Uneco Kolubara, and Bankwatch member group CEKOR - raises issues with resettlement and expropriations connected to the Kolubara lignite mine that are not adequately addressed.

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