Activities of Johan VAN OVERTVELDT related to 2022/2062(INI)
Shadow opinions (1)
OPINION on the financial activities of the European Investment Bank – annual report 2022
Amendments (12)
Amendment 1 #
Motion for a resolution
Citation 1 a (new)
Citation 1 a (new)
— having regard to Articles 41 - 43 of the Treaty establishing the European Atomic Energy Community,
Amendment 3 #
Motion for a resolution
Citation 4 a (new)
Citation 4 a (new)
— having regard to the EIB energy lending criteria of 25 July 2013,
Amendment 5 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Stresses the important role of the European Investment Fund (EIF) to improve access to finance for European smaller companies, mid-caps and start- ups and thereby its support to entrepreneurship, growth, innovation, research and development, and employment in the Union; points out that the backbone of a successful industrial policy, especially for SME's, is a stable baseload energy supply; highlights the merits of and the innovation in nuclear power in this regard;
Amendment 9 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas under the Articles 41 - 43 of the Euratom Treaty, the EIB has a legal base to support nuclear projects for civil purposes;
Amendment 10 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the financial assistance provided to Ukraine; notes the EIB’s engagement in Ukraine complements EU budget finance under MFA and the new MFA+; emphasizes the fact that EIB finance is often linked to concrete projects with high socio-economic impact, channelling EU technical expertise to these projects and enabling a higher degree of leveraging of EU budget funds; calls for additional budgetary resources to allow for continued EU guarantees for projects in Ukraine under NDICI and for new initiatives to increase EIB lending in Ukraine in support of the recovery and reconstruction;
Amendment 18 #
Draft opinion
Paragraph 3
Paragraph 3
3. Awaits the review of the Climate Bank Roadmap ahead of COP28; expects full alignment with the 1.5 degree pathway, including the exclusion of blue hydrogen infrastructure and road and highway financing, and the requirement to conduct a solid assessment of less carbon-intensive alternatives and ‘Scope 3’ emissions; notes that the EIB has a supportive approach towards nuclear energy as outlined in its lending criteria of 25 July 2013; invites the EIB to look into the economic and decarbonisation potential of new nuclear technologies; reminds that cleantech start-ups have massive capital needs from day one; highly welcomes the EIB's contribution to support the REPowerEU Plan with an additional €30 billion in loans and equity financing over the next five years; notes these additional funds will be directed to renewables, energy efficiency, grids and storage, electric- vehicle charging infrastructure, and breakthrough technologies, such as low- carbon hydrogen;
Amendment 30 #
Draft opinion
Paragraph 5
Paragraph 5
5. Reiterates its callNotes the Paris Alignment for Counterparties (PATH) framework in support of REPowerEU provides an exception for EIB to work only with clients anompanies still involved financial intermediaries that have credible decarbonisation plans; opposes activities deemed incompatible with the Paris Agreement, such as oil and gas majors, in the context of highly innovative green projects; welcomes the decision by EIB to extend these exemptions granted under the Paris Alignment for Counterparties (PATH) framework in support of REPowerEU; calls for a halt to fossil fuel financing; to all renewable energy projects and electric-vehicle charging in response to the emergency energy situation in the EU following the war of agression in Ukraine and the objective of ending dependency on Russian fossil-fuel imports; reminds that all recipients of EIB financing are contractually required to create and publish a credible Paris- alignment strategy (“decarbonization plans”), which will include mid-term, rolling, quantitative emission reduction targets and options over a longer time horizon to achieve carbon neutrality towards mid-century;
Amendment 47 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls on EIB Global to deWelcomes the EIB's support of the EU's Global Gateway initiative by launching a Global Gateway Fund intended to provisde a strategy centred on development additionalityequity and debt financing for high-impact infrastructure, clean energy and human development projects around the world;
Amendment 53 #
Draft opinion
Paragraph 7
Paragraph 7
7. Is concerned that the EIB has, at least once, failed to conduct a full inquiry into allegWelcomes the fact that any allegations of maladministrations of bribery and misuse of funds involving a financial intermediary outside the EU; calls on the EIB to reopen all such caser malpractice are taken extremely seriously and examined in detail by the EIB’s Inspectorate General; notes that the EIB remains committed to continuously improving its due diligence and anti-fraud procedures and safeguards;
Amendment 66 #
Draft opinion
Paragraph 9
Paragraph 9
9. Is concerned that the transparency and harm prevenUrges the EIB to implement the European Ombudsman’s recommendations of EIB intermediated investments have fallen behind other public financial institutions, rating only fair on the 2022 Aid Transparency Index3; recalls that the EIB’s 2021 Transparency Policy runs counter to the p21 April 20224; reminds the EIB Group Transparency Policy is fully based on EU legislation which clearly states that “all information and documents held by the Bank are sumption ofbject to disclosure;urges the EIB to swiftlyimplement the European Ombudsman’s recommendations of 21 April 20224. _________________ 3 Publish What You Fund, 2022 Aid Transparency Index, 2022. upon request, unless there is a compelling reason for non-disclosure.”4a. _________________ 4 Decisions of the European Ombudsman of 21 April 2022 in Cases 1065/2020/PB, 1251/2020/PB and 1252/2020/PB. 4a Regulation 1049/2001 on public access to European Parliament, Council and Commission documents, article 5.1.
Amendment 80 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. points out that the back bone of a successful industrial policy, especially for SME's, is stable base load energy supply; highlights the merits of and the innovation in nuclear power in this regard;
Amendment 90 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)