BankTrack News
German banks withdraw from Belene following Urgewald pressure
2006 |
BankTrack
2006 |
BankTrack
In the fall of 2006, Deutsche Bank, HypoVereinsbank and Commerzbank withdrew from the Belene nuclear power project, sited in an earthquake area in Northern Bulgaria. Through media work, postcards and e-mails, visits at the banks' AGMs, an international protest day and a protest week in 60 German cities, the banks were dissuaded from financing this extremely controversial project. The project was eventually called off in 2012.
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