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Image header Agence Europe
Europe Daily Bulletin No. 8279
Contents Publication in full By article 17 / 21
(eu) eu/environment

New EIB structure is criticised

Brussels, 20/08/2002 (Agence Europe) - In a press release, the NGO Friends of the Earth is critical of the new environmental structure announced last February by the European Investment Bank (EIB), saying it is nothing more than "old wine in a new bottle". "This would be a very welcome step in the EIB's responsiveness towards environmental concerns if only we could see real changes with this new set-up. As far as we can tell, however, the bank's environmental expertise has not really increased. There are three new bodies, but only one new person has been hired, whose name has not been revealed to us, nor has the level of his or her environmental expertise. After the creation of ENVAG, the responsibility for environmental impact assessments (EIAs) still remains solely with the project promoter, who has an interest in receiving the loan," comments the NGO.

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