To know more about the Northern Lights, TotalEnergiesβ mega COβ storage project, which received the EIBβs first official loan for a carbon capture and storage (CCS) project, read the article from @mediapart.fr πβ οΈ
Meanwhile, public banks and agencies make mining projects financially easier for private investors π°
If projects fail, public banks often absorb the losses. If they succeed, the profits flow to multinationals. π¨
Read our report π
counter-balance.org/uploads/file...
Public money should support proven clean energy instead of false solutions that prolong fossil fuel dependence or delay the transition.β‘οΈπ±β οΈ
π¨ Climate safeguards should never be weakened behind closed doors.
Any exception to Paris-aligned financing rules must be limited and publicly justified. π±π
π’ Counter Balance, together with 14 civil society organisations, has sent a joint letter to the @eib.org on the implementation of the second phase of the Climate Bank Roadmap.
Hereβs what we call for π§΅π
π’ Our 2025 Activity Report is out!
Throughout 2025, Counter Balance pushed for European public finance to serve people and the planet instead of corporate interests.
Read it here π
counter-balance.org/publications...
Read our letter π
Counter Balance
Counter Balance
Counter Balance
Today, Counter Balance launches its 2025 Activity Report,Β a year-in-review of our work challenging European public finance to serve people and the planet, not corporate interests. In 2025, we coordin...
Counter Balance, together with 14 civil society organisations, has sent a joint letter to the European Investment Bank (EIB) on the implementation of the second phase of the Climate Bank Roadmap (2026...
If 25% of the EIBβs loan portfolio flows through financial intermediaries, those emissions must be counted too. πΈπ
Accurate assessment of GHG emissions of the full portfolio is essential for real climate action. ππ
The EU and big business want access to lithium, copper, cobalt, and much more. π
But do you know who is bearing the costs of this? Well.. communities, mainly in the Global South, who are rarely given a real say over mining projects on their own land. βοΈβ