12 Amendments of Eva JOLY related to 2009/2166(INI)
Amendment 1 #
Draft opinion
Recital Aa (new)
Recital Aa (new)
Aa. Whereas the EIB should contribute to the EU development agenda to eradicate poverty, foster sustainable development and achieve the Millennium Development Goals (MDGs);
Amendment 2 #
Draft opinion
Recital Ab (new)
Recital Ab (new)
Ab. Whereas the EIB’s financing strategy should contribute to the general objective of developing and consolidating democracy and the rule of law, the objective of respecting human rights and fundamental freedoms and the observance of international environmental agreements to which the European Union or its Member States are parties;
Amendment 3 #
Draft opinion
Recital Ac (new)
Recital Ac (new)
Ac. Whereas the EIB’s development role is increasing, and whereas the food and climate crisis requires a fundamental change in approach towards sustainable development;
Amendment 4 #
Draft opinion
Recital Ad (new)
Recital Ad (new)
Ad. Whereas both within Europe and beyond, the EIB is increasingly financing large infrastructure projects in sectors such as the extractive industries, transport, energy, agriculture, water and sanitation; and whereas large scale projects in these sectors have often had negative environmental and social impacts, such as pollution, destruction of ecosystems and the acceleration of climate change;
Amendment 5 #
Draft opinion
Recital Ae (new)
Recital Ae (new)
Amendment 6 #
Draft opinion
Recital Af (new)
Recital Af (new)
Af. Whereas global loans provided to intermediaries represent up to 30% of EIB lending;
Amendment 8 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Welcomes the EIB’s efforts in its social and environmental policies; underlines, however, that the monitoring mechanisms of the EIB’s lending operations to all projects still need to be improved, especially regarding EU environmental and social standards; in this context, calls on the EIB to make the development of binding and operational safeguard policies to guarantee high social and environmental standards its overriding priority;
Amendment 9 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Regarding environmental standards, expresses its concern about the fact that the EIB’s Operations Evaluation Unit only conduct ex-post evaluations on a limited amount of projects and that the EIB places full responsibility for compliance with environmental standards on those project promoters who receive its financing; in this context, urges the EIB to ensure that environmental impact assessments (EIA) become a mandatory part of the EIB’s decision-making process prior to the Board’s approval of a project;
Amendment 10 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2c. Notes that, in spite of the fact that the EIB is unequivocal about its support for the protection and improvement of the environment, the EIB still finances projects that clearly fuel climate change, such as fossil fuel projects, including oil and gas pipelines and coal-fired power plants; regrets also that a large proportion of its lending goes to unsustainable transport projects such as the financing of roads and air transport; takes the view that the devastating consequences of such projects clearly contradict EIB claims that environmental protection is one of its top priorities; in this context, reiterates its conviction that the EIB should develop detailed and binding safeguard policies or procedures to ensure that such investments do not harm the environment or local communities;
Amendment 11 #
Draft opinion
Paragraph 2 d (new)
Paragraph 2 d (new)
2d. Takes the view that, in light of the food and climate crisis, there is a need to revise the EIB’s old-fashioned development model, which is based only on growth and income generation; in particular, urges the EIB to guarantee privileged financing for sustainable projects that contain a high social and environmental value, while phasing out support for projects that are essentially incoherent with poverty alleviation and ecological sustainability, such as projects that involve the degradation of critical natural habitats and support the destructive exploitation of natural resources, large mining projects that do not comply with the recommendations of the World Bank’s Extractive Industries Review, large dams that do not comply with the recommendations of the World Commission on Dams, fossil fuel projects and nuclear power plants, and aviation projects;
Amendment 12 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Expresses its concern about the lack of transparency regarding the way ‘global loans’ are allocated and monitored in terms of tax governance; recalls that the EIB should ensure that recipients of its loans do not avail themselves of tax havens or use other practices such as abusive transfer pricing, which may lead to tax evasion or avoidance; in this context, calls on the EIB to request that financial intermediaries make public any use of the global and framework loans they receive, including a report of their activities in any individual country in which they operate;
Amendment 13 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Urges the EIB to better monitor and to make transparent the nature and final destination of its global loans in support of SMEs; more broadly, calls on the EIB to report annually on the lending to SMEs, including evaluation of the accessibility and effectiveness of its financing for SMEs;