Counter Balance and its partner Bankwatch have launched a new report exploring corruption cases in Romania’s third largest company. The Oltenia Energy Complex (OEC) is a key player in the energy sector in Romania and today operates ten lignite mines and four power plants. Supposed recipient of a EUR 200 million loan from the European Bank for Reconstruction and Development (EBRD), OEC stands out for a long list of corruption scandals collected in the last decade.
The European Commission must listen to the European Parliament calling for an EU budget that works for people and planet - according to CEE Bankwatch Network, Friends of the Earth Europe and Climate Action Network (CAN) Europe.
The report tackles the common assumption that continued economic growth necessarily entails a rise in energy consumption. The analysis shows that this is not what happens in reality, in Romania and in other EU countries. The Romanian energy ministry acknowledges that since 2009 the country's GDP has been growing while energy consumption has been falling, but it has so far failed to factor this trajectory in the ongoing development of a new national energy strategy.
Romania could well be on path to a sustainable, prosperous economy if decision makers acknowledge growing GDP in tandem with dropping energy demand, a report released today by Bankwatch Romania argues.
Malgré leur impact sur l’environnement, douze centrales sont en activité, réparties entre la Bosnie, la Serbie, le Monténégro, le Kosovo et la Macédoine. Dix-sept autres devraient être construites à l’horizon 2030.
With hydropower and mining projects encroaching on their lands and livelihoods, Svan communities in Georgia’s northwest consider convening in an ancestral assembly to discuss their course of action.
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