EBRD blogs

The European Bank for Reconstruction and Development has become a stakeholder in a company that is involved in gold mining in a UNESCO World Heritage site in Russia. Not only does this violate its own Environmental and Social Policy, but it also tells me a lot about the bank's assessment of partner companies.

Upgrades of hydro power plants in Ukraine are a prime example for greenwashing nuclear expansion with renewable energy. Alena Miskun from Bankwatch member group National Environmental Centre of Ukraine gives details on the thickening plot that European public banks are involved in.

The EU external energy policy Communication published today by the European Commission continues the decade-long approach of the EU to ensure the unhindered flow of fossil fuel energy supplies to Europe without a real recognition of the problems this drive creates both inside and outside of the EU.

The complaints office at the European Bank for Reconstruction and Development has agreed to investigate a complaint from Bankwatch that a railway project in Georgia has not been properly assessed. Georgian Bankwatcher Dato Chipashvili thinks the case should be a lesson for the EBRD to make sure that from the start local people have their say in how projects are done.