Life begins at 50 for the EIB- Counter Balance street action

Members of 'Counter Balance: Challenging the European Investment Bank,' a new coalition of European NGOs concerned by the lending practices of the EIB, 'celebrated' the EIB's 50th anniversary with street theatre and distribution of a spoof newspaper in Luxembourg. 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