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Solidarity protests demand EIB pledge against financing new pipeline

Originally published by 350.org. 14th November, Europe. Starting today activists are undertaking an international series of coordinated protests at financial institutions and the UN climate negotiations in Bonn, Germany to demand that the European Investment Bank (EIB) pledges not to sink public funds into a risky new gas expansion project – the Trans Adriatic Pipeline (TAP). […]

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New report: Juncker Plan backs billions in fossil fuels and carbon-heavy infrastructure

14 November 2017 Brussels, Bonn — While in Bonn at the UN climate talks the EU touts the Paris Agreement, back in Brussels the European Union is set to continue a funding tool that in last two years has lent billions of euros for fossil fuels projects, finds a new study from CEE Bankwatch Network, […]

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“Nature destruction cannot be compensated for” say NGOs warning communities against biodiversity offsetting

Brussels/Rome, 26 October 2017 As the world’s forests, lands and waters keep being destroyed, the people whose livelihoods are deeply linked to these places cannot continue their way of life and are often pushed into poverty and hunger. At the same time, the very actors profiting from this destruction have found a way to come […]

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Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change

October 18, 2017 Prague, Brussels A USD 500 million loan approved today by the European Bank for Reconstruction and Development (EBRD) for the construction of the Trans Anatolian Pipeline (TANAP) would enable this massive fossil fuels project while overlooking the continued repression of civil society and media in both Azerbaijan and Turkey. Traversing Turkey, from […]

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EU bank lent €5.3 billion to fossil fuel projects between 2014 and 2016 despite climate urgency

Brussels, 28 September 2017 While depicting itself as a pioneer in the global fight against climate change, the European Investment Bank (EIB) still massively endorses fossil fuel projects, dooming the EU to fail the Paris agreement commitments. The EU’s bank irresponsible climate conduct figures among the conclusions of a new report by the Overseas Development […]

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Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime

Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime Brussels, 6 September 2017 – Statement by CEE Bankwatch Network, Counter Balance and Friends of the Earth Europe Adding up to the list of shady practices of Azerbaijan’s authoritarian regime the Azerbaijani Laundromat corruption scheme raises serious concerns over the […]

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