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The EU's bank turns its back on Europe's long term climate goals

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It appears that before approving the European Investment Bank's new climate strategy, the bank's Board of Directors has removed a reference to the European Union's long-term decarbonisation objectives as a guidance for the EIB's climate action.


Join the funeral procession and mourn the death of the Czech Republic's responsibility for climate change

With sincerest condolences, Bankwatch member groups CDE and Hnutí Duha are organising a service to mourn the death of the Czech Republic's responsibility for climate change. People are invited to a climate wake to grieve the loss of another piece of the Czech landscape and as well the country's responsibility for climate change on Tuesday 6 October at 10:00 in front of the Ministry of Industry and Trade (Na Františku 32, Praha 1).

Credit Agricole ne želi financirati TE Plomin C

Source: , energetika-net

Marubenijev financijski savjetnik neće financirati TE na ugljen u bogatijim zemljama

Major blow for Croatian coal plant as Crédit Agricole announces new coal power policy

Paris, France - Today's publication of new criteria for coal-fired power plant financing by French bank Crédit Agricole suggests that the bank will not be able to finance the controversial €800 million Plomin C coal power plant in Croatia, believe campaign groups. The policy now rules out finance for coal power plants in high-income countries, which includes Croatia.

Request for information on EIB loans to Volkswagen

Following revelations about Volkswagen cheating in emissions tests and about the European Investment Bank's substantial support for VW - including loans for research and development of cleaner engines, Bankwatch requested information on EIB loans to the car maker.

The bank provided highly insufficient responses. Read more here >>

Guest post: Italian mayors protest against the Trans Adriatic Pipeline

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Local opposition in Italy to the Trans Adriatic Pipeline (TAP) is mounting. During a business event organised last week, a dozen mayors staged a protest against the government’s support for the project, who together with civil society and local authorities fear that the pipeline will destroy the environment and the safety of their communities. Instead they are demanding that EU drop the project.


Bankwatch and Counter Balance statement on the adoption of the European Investment Bank Climate Strategy

"As Europe prepares to host the seminal UN climate summit in Paris at year's end, the EU's house bank is turning away from its commitment to finance the bloc's climate action.

EIB board approves climate lending strategy, greens say it's full of holes

Source: Ben Garside, Carbon Pulse

The board of the European Investment Bank (EIB) on Tuesday approved a new climate lending strategy, which held the climate-focused portion of the bank’s total lending at 25% but aims to take climate considerations into account in all disbursements and focus on projects with more impact.

Slovenia and the Energy Union: clash in priorities, renewables as collateral damage

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A leaked document, published here for the first time, that outlines the Slovenian government’s priorities for the EU’s Energy Union reveals a potential conflict with what the European Commission has on offer. Yet, neither promises ambitious strides towards more renewables.


Međunarodna kampanja protiv Plomina C

Source: unknown author, Radio Labin

Otpor protiv izgradnje termoelektrane Plomin C nastavlja jačati na međunarodnoj razini. Jučer su protiv ovog projekta održane dvije akcije – u Parizu i Zagrebu. Cilj obje akcije je prisiliti francusku banku Crédit Agricole, koja je preuzela ulogu financijskog savjetnika za Plomin C, da se povuče iz ovog projekta.

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