Lost in Transportation
Publisher: CEE Bankwatch Network
Date: March, 2007
Volume: 64 pages, pdf
Description
Founded in 1958 under the Treaty of Rome, the European Investment Bank is the house bank of the European Union, and as such is bound to contribute to the EU’s objectives and to support its commitments. Yet, as this report details, the EIB’s transport related operations follow the EU’s transport policy selectively at best, and more often jeopardize than contribute to the achievement of specific Community commitments such as those on combating climate change or limiting the environmental impacts of the transport sector. In more than ten years of our monitoring of the EIB, CEE Bankwatch Network has consistently pointed out that the EU’s house bank is a public institution with a responsibility towards EU citizens and nature. The EIB therefore has a duty to ensure that the money it invests is spent wisely and contributes to Europe’s long term sustainability vision.