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EIB (European Investment Bank) signs 440-million loan guarantee for controversial coal plant
EurActiv | 21 December 2012 | Arthur Neslen

Posted on 12/21/2012 12:09:33 AM PST by Olog-hai

The European Investment Bank has signed a €440-million ($581 million) loan guarantee with the Slovenian government for a crisis-plagued 600 megawatt lignite TEŠ 6 coal plant, but the deal could yet be sunk by concerns about the climate and corruption. …

Although the EU is formally pledged to reduce carbon dioxide emissions across the continent to 80-95% of 1990 levels by 2050, European development banks are covering some two-thirds of the Šoštanj plant’s €1.2 billion ($1.6 billion) costs.

Objections about irregularities in the plant’s tendering process have created one of many icebergs that the plant’s funders will need to navigate. …


TOPICS: Business/Economy; Chit/Chat; Health/Medicine; Science
KEYWORDS: climatechangehoax; coalpower; eussr; globalwarminghoax

1 posted on 12/21/2012 12:09:47 AM PST by Olog-hai
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To: Olog-hai
Link to story: http://www.euractiv.com/climate-environment/eib-signs-440-loan-guarantee-con-news-516807
2 posted on 12/21/2012 12:11:29 AM PST by Olog-hai
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To: Olog-hai
IIRC, there are three really good deposits of low-sulfur lignite in the world. One of them is under Escalante Staircase National Monument. One is in Indonesia, and was controlled by Moctar Riady and the Lippo Group, the third is in Kosovo... (How's that for a trip down Memory lane?)

There is a solid chance they will be burning 'clean' coal.

3 posted on 12/21/2012 12:53:32 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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