Publications

The letter complains about the EU's negligence of its shareholder role in the European Bank for Reconstruction and Development and its lack of scrutiny of two recently approved projects that are set to contravene EU principles and standards: the Ombla hyrdopower plant in Croatia and the Boskov Most HPP in Macedonia.

A look at the European Bank for Reconstruction and Development's investments in the Ombla hydropower plant in Croatia and the Boskov Most plant in Macedonia reveals that the EU does not make full use of its shareholder role in the Bank and allows approval of the projects that contravene EU principles and standards.

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For many years TES 6 has been surrounded by rumours of corruption. In February 2012 the Slovene State Commission for the Prevention of Corruption published a report stating that acts of corruption could have influenced the awarding of the contract to French company ALSTOM and that the law on the state guarantee itself was initially drafted by employees of HSE, the owner of the Sostanj power complex.

Slovene NGO Focus Association for Sustainable Development has translated the report to English. (The original report (in Slovenian language) is available for download here (pdf).)

How can fossil fuels and uranium be kept in the ground and agrofuels off the land in ways that do not inflict suffering upon millions? Mainstream policy responses to these issues are largely framed in terms of "energy security". Yet far from making energy supplies more secure, such policies are triggering a cascade of new insecurities for millions of people.

The current EU commitment to a low carbon and resource efficient economy has significantly influenced the proposed Cohesion Policy objectives for the 2014-2020 period. Besides the mobilisation of financial resources for the achievement of the Europe 2020 strategy targets, it is important that a strong focus is kept on the results of EU support. Bankwatch has therefore taken a critical look at the proposed common indicators for the European Regional Development Fund and the Cohesion Fund.

This report, authored by hydrogeologist and geochemist Dr. Robert Moran, reveals that Canadian company Centerra Gold, owner and operator of the Kumtor gold mine, has been contaminating local waters and glaciers while hiding evidence of such negative impacts from public oversight.