1 / 9

how are the EIB involved in funding airport expansion?

how are the EIB involved in funding airport expansion?. Hannah Ellis CEE bankwatch network/ friends of the earth international amsterdam, the netherlands hannah@foei.org noise conference, brussels, november 2003. Presentation overview. the eib: an introduction

chavi
Download Presentation

how are the EIB involved in funding airport expansion?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. how are the EIB involved in funding airport expansion? Hannah Ellis CEE bankwatch network/ friends of the earth international amsterdam, the netherlands hannah@foei.org noise conference, brussels, november 2003

  2. Presentation overview • the eib: an introduction • eib’s involvement in the aviation industry • report inspiration • report findings • summary

  3. who are the european investment bank (EIB)? • founded in 1958 • ‘social & economic cohesion’ • € 150 billion subscribed capital • signed €39.6 billion pa of loans • mostly infrastructure projects

  4. EIB transport investment 1998-2002: sectoral breakdown (in billions)

  5. report: inspiration • IKEA stores and chad-cameroon pipeline • ‘Public Money for Public Good’ • extensively involved in aviation • friends of the earth international, CEE bankwatch network, milieudefensie, za zemiata and HACAN ClearSkies schiphol, the netherlands heathrow, united kingdom sofia, bulgaria

  6. report findings • €8 billion in the last 5 years for aviation projects • contradict EIB’s own climate and sustainable development policies • often loans to big business – violating its own statute and contradicting its goal

  7. report findings • no responsibility for assessment and impact on the environment • environmental impact assessments: - schiphol loan agreed before EIA verification - sofia airport, a thorough EIA has never been carried out

  8. report findings EIB financing of hub airports to promote ‘competitive advantage’ is not consistent with the financing several hub airports

  9. how are the EIB involved in funding airport expansion? Thank you for flying with us • the EIB are a huge financial contributor to the european aviation industry • their involvement is not well known • the EIB take virtually no social or environmental responsibility for this involvement

More Related