The European Investment Bank (EIB) has announced a worrying change in their policy on transparency. One of the changes would result in EU citizens no longer being able to access internal EIB documents, even if they are of public interest. Several campaigners, including Both ENDS’ Pieter Jansen, have therefore urged the the Dutch Minister of Finance Jeroen Dijsselbloem to speak out against these plans on the next board meeting on September 16th.
Last June, President Obama called upon the national and international community to give no more public support to foreign coal. Shortly after this, the World Bank and the European Investment Bank EIB followed the example, setting stricter criteria for loans to energy companies, which will make it nuch more difficult, if not impossible for new coal plants to get financing from these banks.
The European Investment Bank (EIB) has published its new policy for energy investments. In the new draft policy, the bank states to stop investing in fossil fuel related projects from 2020. This is good news for the climate, so Both ENDS and partners are happy with this draft policy. The shareholders of the bank, the member states of the European Union, still have to approve it.
Development banks such as the World Bank, the Asian Development Bank, the German DEG and the Dutch FMO have some crucial similarities: they operate with public money, and their ultimate goal is to fight poverty and promote development. But in practice, 'development' seems to be a broad concept, as there are many people that do not profit from the projects these banks invest in. On the contrary, large groups of people are often faced with negative consequences of the investments of development banks. Under pressure from civil society organisations, including Both ENDS, a number of development banks set up a complaint desk for those that are adversely affected.
Why is Dutch public money used to sponsor the world’s largest chicken factory farm in Ukraine , when we don’t even accept the production of broiler chicken on our own soil? That was the central parliamentary question raised by the Party for the Animals (Partij voor de Dieren) in August 2012, just after Both ENDS and its Ukrainian partner NECU published the report Dutch money, strange meat. Now, three years later, the factory farms of Myronivsky Hliboproduct(MHP) keep expanding. And the massive slaughtering of more than 300 million chickens a year is still made possible by the Dutch tax payer through multilateral financial institutions and Dutch export credits.