Both ENDS
The European Investment Bank (EIB) has published its new policy for energy investments. In the new draft policy, the bank states to stop investing in fossil fuel related projects from 2020. This is good news for the climate, so Both ENDS and partners are happy with this draft policy. The shareholders of the bank, the member states of the European Union, still have to approve it.
New research by Both ENDS, Fossielvrij NL and urgewald shows that, in 2017, pension fund ABP invested 500 million euros more in coal, oil and gas than in the previous year – a total of 10.9 billion euros. These investments in fossil fuels not only stand in sharp contrast to ABP's claim that it has achieved substantial successes in its climate policy, but are also in flagrant violation of the Paris climate agreement. Unlike international forerunners among pension funds, ABP continues unabated to invest in the fossil energy sector.
Update Monday June 10: On the evening of June 9 Stephen has been found abandoned on the side of the road. His condition is bad, after having suffered severe beatings, mistreatment and abuse through the week. He is alive, safe and reconnecting with his family. We thank everyone that has shared the solidarity statement. This international pressure helped in ensuring his release.
June 8: This is a joint statement by over 115 international civil society organisations to call upon the Ugandan authorities to ensure the immediate and unconditional release of Stephen Kwikiriza, who has been held incommunicado since his abduction by plain clothed officers in Kampala on 4 June 2024.
A letter written by Both ENDS, co-signed by 350.org, Australia, Urgewald, Germany, Green Alternative, Georgia, and others, with comments to the AIIB's Energy Strategy Issues note. This strategy prioritizes large scale energy infrastructure, which fails to meet the energy needs of local communities.
The AIIB has the opportunity to champion financing green energy systems for future generations by leapfrogging the large energy infrastructure that rely on fossil fuels, plantations for biomass or dams.
A coalition of NGOs today launched the Financial Exclusions Tracker, a new website that tracks which companies are being excluded by investors and banks for sustainability reasons. Most excluded corporations are barred due to links to fossil fuels, weapons or tobacco.
Karin van Boxtel (35) is the new director of environment and human rights organisation Both ENDS. Karin has been running the organisation temporarily, together with Annelieke Douma, since the departure of the previous director, Danielle Hirsch. She has now been appointed permanently to make Both ENDS stronger and more future-proof. Karin will take up her new post on 1 September. Until then, she will continue as co-director on an interim basis.
Both ENDS has two new interim directors from November 9: Annelieke Douma and Karin van Boxtel. After 15 years, Danielle Hirsch hands over the directorship. She is currently standing for election to the GroenLinks/PvdA list. Annelieke and Karin will lead Both ENDS during the transition period to a new director of Both ENDS. Together with the board and the organisation, the new directors duo is full of energy to get to work in the coming months.
