🚨 European Parliament Adopts 2024 EIB Report
It highlights progress, but overlooks serious gaps: fossil fuels financing still continues, affordable housing isn’t truly affordable, and the pressure to finance military and defense, including weapons, is growing.
Read our full analysis 👇
The @eib.org is already contributing by financing it's first CCS project in April, the 'climate' bank giving €250 million of public to a dangerous and expensive project helping oil giants like Shell and Total's greenwashing. counter-balance.org/publications...
For NYT, historian Anton Jäger warns that Euro rearmament “to fight the twin crises of geopolitical vulnerability and economic malaise” is more like Reaganism than Keynesianism, and Europe’s version promises neither social dividends nor a competitive defense sector.
www.nytimes.com/2025/06/30/o...
Since 2022 private investors took away $141bn more in debt payment from the Global South than they provided new finance. Yet, the rich countries are holding back on cancelling debt and in favour of more carrots for Blackrock and their friends at the finance for development summit in Sevilla.
🚨 Are EU ECAs suitable to drive a just energy transition?
New briefing paper by @bothends.bsky.social & Counter Balance examines ECAs governance issues: weak human rights & environmental due diligence, limited public oversight, and blurry development mandate.
👉 bit.ly/46lDPNq
📣 Calviño calls the EIB a “success story.”
But whose success, when the Bank keeps on financing fossil banks and companies, fossil-based hydrogen, and carbon capture and storage with no real accountability?
🔎 We break down the speech and main decisions. → bit.ly/4k9cvFo
We took a deep look at the @eib.org's money for climate. I kind of expected billions are still going to big polluters. But I was all the more surprised that despite all the derisking rhetoric, governments and public companies received most of their climate loans in 2023.
Global Gateway projects in neighbouring countries tend to pour EU development finance into often EU private businesses to produce energy and hydrogen to export to Europe. Also risk of involving occupied territories in Palestine and Western Sahara. Absent: tackling inequality or local energy needs.
🚨 What’s really powering the EU’s Global Gateway?
Not justice, but extractivism dressed in green.
We took a closer look at energy projects across 7 countries outside of the EU 👉 bit.ly/3SPZ1De
Here's what we found—and why the EU needs a sharp U-turn on its energy partnerships👇
The climate crisis won’t be solved by the same neoliberal logic that caused it. This is why private investments won’t deliver decarbonisation.
We need bold public leadership—not greenwashing or half-measures—for a just, systemic transformation.
+200 CSOs & individuals sent a message to EU leaders: back bold reforms at #FfD4 – or risk failing the 🌍
Debt traps, tax dodging, climate injustice are all outcomes of an unfair financial architecture. The 🇪🇺 must lead for a just, democratic & sustainable global economy.
€50 billion in public cash — and still no climate or social safeguards? Yes, we are talking about #InvestEU.
In our monthly recap, a summary of how its reform props up polluters, failing giants & profiteers — while the EIB’s complaints system leaves affected communities in the dark.
