Happy birthday Mr. President - EIB at 50

Environment and social campaign groups from across Europe marked the 50th anniversary celebrations of the European Investment Bank (EIB) on 3 June 2008 by pointing out to the European Union's house bank that "Life begins at 50—We hope." The EIB has attracted sustained criticism from civil society organisations in Europe and across the world because of its non-transparent institutional nature, its lack of binding environmental and social standards—especially in its increasing lending activities in Africa, Asia and Latin America—and its continuing support for major fossil fuel extraction projects that undermine the bank's recent improved record in funding renewable energy projects.

Category:

Nonprofits & Activism

Tags:

• environment
• development
• eib
• european
• investment
• bank
• luxembourg
• mines
• dams
• conservation
• social
• bankwatch
• counter
• balance