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Comments on the Environmental Impact Assessment of Sostanj thermal power plant project

These comments by Slovenian NGO Focus - Association for Sustainable Development outlines concerns regarding the Sostanj project’s financial picture and its compliance with the climate and energy objectives of Slovenia. They also express serious doubts about the actual necessity of the project.

Change the lending, not the climate

Bankwatch's new report on the EIB's fossil-heavy energy lending between 2002 and 2008 comes one week before the crunch global climate talks in Copenhagen, in preparation for which the international financial institutions have been flexing their rhetorical muscles.


Review of lessons from completed PPP projects financed by the EIB

This report reviews the European Investment Bank’s public-private partnership (PPP) projects to inform and help shape the bank’s lending policies and practices. The research has been commissioned by the European Investment Bank but is not available on the EIB’s website.

The report describes the EIB PPP portfolio, presents the outcomes of interviews with EIB staff involved in PPP operations. The report draws interesting conclusions about the PPP project selection, risk sharing and transparency.

European Parliament passes resolution to end taxpayer support for fossil fuels projects

With a resounding majority (540 MEPs in favour), the European Parliament today passed a resolution on trade and climate change which calls for "the discontinuation of public support, via export credit agencies and public investment banks, for fossil fuel projects". The step was widely welcomed by environmental and development NGOs campaigning on export credit agencies (ECAs) and the European Investment Bank (EIB).

Rosia Montana - no improvement in sight for tarnished gold project

The recent public debate organised in Bucharest to discuss the controversial USD 500 million Rosia Montana gold mine project have been disrupted and debased by the actions of the projects sponsor, the Canadian company Rosia Montana Gold Corporation (RMGC), allege Romanian groups. The Bucharest-based TERRA Mileniul III and the Centre for Legal Resources maintain that the discussions taking place as part of the gold project's environmental impact assessment (EIA) procedure have been tainted by RMGC's bussing in of rowdy supporters of the project and also because of crucial missing project documentation.

The Lesotho Highlands Water Project: Massive Dams for Massive Disasters

A case study prepared for the campaign "No Reform No Money"

The campaign urged EIB shareholder countries to condition the replenishment of the bank's capital on substantial improvements in public access to information, environmental standards, a proper development mandate, and appropriate supervision by EU institutions.

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