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The EBRD in Egypt – analysis of the Bank’s first year
We have published a summary briefing analysing the European Bank for Reconstruction & Development’s first year of lending in Egypt. The bank remains resolutely committed to directing its funds towards oil extraction, agribusiness and the power sector. Only 4.7% of loans are destined for small & medium-sized enterprises, and 0% to renewable energy projects.
24 Jan 2014 admin -
Intro to “Rich Seams or Dark Pools? Fossil Fuel Funding and University Research”
This was the introduction given to an event at UCL in January 2014 entitled Rich Seams or Dark Pools? Fossil Fuel Funding and University Research, reproduced here with the kind permission of Professor Jane Rendell. Thank you for coming and to those of you presenting ideas for agreeing to do so. My name is Jane…
24 Jan 2014 admin -
Court rules against Alaska Arctic drilling
Yesterday a coalition of Alaska Native and environmental groups won against Arctic oil drilling in a Court of Appeals in the US. The Court ruled that the US government sold leases in the Chukchi Sea in 2008 illegally. Here’s a quick review of the history of the case and what the decision might mean. What…
23 Jan 2014 anna -
The dream of America – a family history of mining and migration
Mika Minio-Paluello, Anna Galkina and James Marriott travelled in North America as part of a tour over September and October to promote The Oil Road – Journeys from the Caspian to the City of London. The ninth of a series of blogs on the journey comes from Pennsylvania… Wilkes-Barre, Pennsylvania Long hours under rough blankets.…
21 Jan 2014 james -
As Shell issues profit warning, new CEO needs a change of Arctic direction
At 07.00 this morning Shell issued a profit warning. Just twelve working days since taking up his post as new CEO of Shell, Ben van Beurden has had to say “Our 2013 performance was not what I expect from Shell”. The company made $27.2bn in 2012, it looks likely to make only $16.8bn in 2013 – this…
17 Jan 2014 james -
The Arctic in New York – shareholders scrutinise Shell’s next move
Mika Minio-Paluello, Anna Galkina and James Marriott travelled in North America as part of a tour over September and October to promote The Oil Road – Journeys from the Caspian to the City of London. The eighth of a series of blogs on the journey comes from New York… It was Maurice Bridgeman who really…
5 Jan 2014 james -
The EBRD should not finance oil drilling in Egypt
Today the European Bank for Reconstruction & Development is voting on a $50 million loan for oil drilling in Egypt. This is the first major loan by the bank in Egypt since the military takeover in July 2013. The EBRD seems eager to ignore the principles in its founding agreement promoting “initiatives in countries committed…
16 Dec 2013 admin -
Fossil Free EBRD – Tweet Action!
Tweet #coalfreeEBRD and tell the European Bank for Reconstruction and Development to end loans for all dirty energy projects starting with coal. Today, as the United Nations climate talks are taking place in Warsaw, the European Bank for Reconstruction and Development is attending the International Coal and Climate Summit. This lobby event is organised by…
18 Nov 2013 admin -
Artists call on Southbank Centre to end Shell sponsorship on anniversary of Ken Saro-Wiwa’s execution
A group of artists, musicians and authors who have all performed at the Southbank Centre have signed a letter calling on the arts institution to drop Shell sponsorship on the 18th anniversary of the execution of Ken Saro Wiwa and the Ogoni 9. [1] The 21 artists, including actor Mark Rylance, playwright Mark Ravenhill, the…
