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European banks: it's time to quit coal in Ukraine

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In a street action being held today in Kiev as part of the Global Divestment Day, Ukrainians call on public and private investors to end financing for fossil fuels, in particular coal, and instead invest in renewable energy sources which represent the only independent source for the country.


Guest post: Pljevlja shareholder A2A must resist pressure to build new lignite unit in Montenegro

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Montenegro's government is pushing hard for the construction of a new unit at the Pljevlja lignite-fired power plant. NGOs are encouraging the major shareholder company to not give in to this pressure, writes Jelena Marojević Galić from Green Home.


Natural gas left, right and centre at Energy Union conference in Riga

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Massive infrastructure for transporting natural gas is shaping up to be a centre piece of the Energy Union put forward by the Juncker Commission. This was also the impression Bankwatch campaigners had at an Energy Union conference in Riga last week.


European Semester 3.0 - Strong policy coherence needed to rebuild trust and a sustainable development perspective

The European Semester should be further developed to become an effective governance and enforcement mechanism that can ensure coherence between national fiscal policies and overarching sustainable development objectives. To this extent national Environmental Fiscal Reforms (EFR) should be accelerated via the European Semester and Member States national public spending and investment plans should be checked against their delivery on sustainable development.

Bankwatch stops cutting of another 22 hectares of forest for coal mining in Romania

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In a file launched by Bankwatch in 2014, a Romanian court annulled [ro] 27 deforestation permits last week, preventing 22 hectares of forest in the country’s south-west to be cut for the expansion of an open-pit coal mine.


Long awaited investigation into Glencore for alleged tax dodging shows EU Bank's lack of transparency and vulnerability to abuse

Brussels - The European Investment Bank (EIB) is virtually powerless in the face of abuse of its own funds, an internal investigation published last week by the EIB shows. What’s even worse is that the EIB’s new transparency policy - to be adopted in the coming weeks - would formally allow the bank to keep such internal investigations into abuses of its funds secret, hereby undermining public scrutiny of public money.

New arrests should dampen Serbia's appetite for coal

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Corruption cases continue to haunt Serbia’s coal sector as a new round of arrests last week has shown. They also illustrate how the dependence on coal creates vulnerabilities for Serbia’s energy sector and potentially its financiers, in particular in the aftermath of last year’s floods.


European Investment Bank confirms plans to finance Trans-Adriatic Pipeline

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On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*]

The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.


Guest post: Resettlement process for Kosovo Power Project does not comply with international standards

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A report being presented today analyses the process with which 7000 are to be resettled for the Kosovo lignite mine and concludes that the World Bank-financed process does not comply with the bank's own standards and is plagued by a slew of other weaknesses.


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