The European Investment Bank (EIB), no stranger to investing in pernicious projects, have finally decided to put their money into nuclear power.

According to Bankwatch, the European Investment Bank has started to get interested in nukes again, after long avoiding the subject, and has recently financed URENCO, an Anglo-Dutch uranium enrichment company.

The EIB also invests in other controversial projects including:

• the gas pipeline that will carve up areas of South Wales including the Brecon Beacons national park.
• renewable energy for an aluminium plant(!) in Iceland
• a 71,134,998(EUR) loan for electricity for London underground’s ill-fated Public-Private partnership

And there’s airport expansions, motorway extensions and the list goes on.

Recently, the bank was targeted by protestors at its annual conference in Ljubljana, Slovenia. It’s only a matter of time before the EIB’s London branch is visited…

Links:

• CEE Bankwatch Network’s EIB Project
• Fight the Pipe!
• Addresses for EIB Groups

Read the Urenco Press Release, 24th September 2007