Bankwatch

Lender Abets Europe's Addiction to Fossil Fuels

January 9, 2012

Source: Manana Kochladze, The National

The EIB lends more to the energy sector than to any other, except transport - and its €72bn total loan portfolio last year made it a bigger lender than the World Bank.

Institution: EIB

Theme: Energy & climate

Video: An EIB holiday

Have you ever wondered where the EIB spends its money on? A new Counter Balance video shows an example.

Baffled by an EIB loan to a holiday resort in Morocco, our friends from Counter Balance - Challenging the European Investment Bank had a closer look at the kind of development promoted there and came back with this wonderfully illustrative video.

Tags: corporations development EIB local impacts sustainability video Global South

Institution: EIB

Theme: Social & economic impacts

Greening the European Investment Bank

December 23, 2011

Source: Manana Kochladze, Project Syndicate

BRUSSELS – Over the past four years, the European Investment Bank – the European Union’s house bank – has loaned €48 billion ($62 billion) to energy projects around the world. Indeed, the EIB lends more to the energy sector than to any other, except transport (and its €72 billion total loan portfolio in 2010 made it a bigger lender than the World Bank).

Institution: EIB

Theme: Energy & climate

Croatian civil society groups ask new government to withdraw from Ombla hydro project

December 16, 2011

Croatian environmental groups today held a protest action outside of the Croatian parliament calling on the country's new government not to go ahead with the controversial EBRD-financed EUR 150 million Ombla HPP project.

Institution: EBRD

Theme: Energy & climate, Balkans

Tags: Balkans

Letter to EBRD: Insufficient environmental assessment of Ukraine NPP Safety Upgrade Programme

Advocacy letter | December 15, 2011

The letter criticises the environmental assessment of the Nuclear power plants safety upgrade programme (SUP) in Ukraine. It concludes that the assessment insufficient and does not fully elaborate the objectives and consequences of the SUP.

Institution: EBRD

Theme: Energy & climate

The new EIB transport policy: not yet ready for sustainability

On December 13, the EIB's Board of Directors is about to approve the institution’s new Transport Policy. This new document constitutes an upgrade of the older 2007 Transport Policy of the bank which tries to incorporate the EU’s progressive agenda on the prevention of climate change (documents such as the "Europe 2020 Strategy" and the "Roadmap for moving to a competitive low-carbon economy in 2050").

Institution: EIB

Theme: Transport

CEE Bankwatch Network report on European Investment Bank energy lending 2007-2010

December 12, 2011

Source: , ENDS Europe

Institution: EIB

Theme: Energy & climate

European Investment Bank criticised for `hypocrisy` of fossil fuel lending

December 12, 2011

Source: Damian Carrington, Environmental Expert

The world's biggest lender to energy and climate action projects almost doubled the funds given to fossil fuels between 2007 and 2010, a new report (PDF) published on Thursday reveals.

Institution: EIB

Theme: Energy & climate

European Investment Bank criticised for 'hypocrisy' of fossil fuel lending

December 12, 2011

Source: Damian Carrington, Business Green

The world's biggest lender to energy and climate action projects almost doubled the funds given to fossil fuels between 2007 and 2010, a new report (PDF) published on Thursday reveals.

Institution: EIB

Theme: Energy & climate