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With a little help from the European Commission: TAP and the Southern Gas Corridor

by Elena Gerebizza, originally published by Re:Common Last week Baku hosted the 4th Southern Gas Corridor Advisory Council Meeting. The event saw the participation of representatives from the governments involved in the project, but also the European Commission Vice President Maroš Šefčovič, who in the last few months hasn’t missed a single chance to stress […]

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Controversial gas pipeline gets EUR 1.5 billion in public money amid massive climate risk

CEE Bankwatch Network, Counter Balance, Friends of the Earth Europe, 350.org 6 February 2018 Prague, Brussels The European Investment Bank (EIB) voted today to hand out one of Europe’s largest ever loans to one of the EU’s largest fossil fuel projects, the contentious Trans Adriatic Pipeline (TAP). The loan approval follows the release of a […]

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New briefing: Putting the EIB at the front of the clean energy transition

In a joint briefing sent to the Directors of the European Investment Bank (EIB), 14 environmental groups call on the EU bank to align its energy financing with the Paris Agreement. See the document here. In 2018, the European Investment Bank will review its Energy Lending Criteria, which offers the bank the opportunity to catch […]

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New study shutters EU claims on climate benefits from flagship energy project

Originally published by Bankwatch. The controversial Southern Gas Corridor, the EU’s flagship energy project, could be as emissions-intensive as coal power or even more, a new study reveals. 30 January 2018 In less than two weeks the Trans Adriatic Pipeline (TAP), a key section of the Southern Gas Corridor, could be awarded a record EUR […]

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NEW VIDEO: The Southern Gas Corridor, a “Treachery of Images” for the EU’s future

As the European Investment Bank prepares to vote next Feb 6 on a € 1.5bn loan to the western leg of the gas mega-pipeline (the Trans Adriatic Pipeline – TAP), a new NGO video presents the blatant contradictions of this EU-sponsored project locking us in a fossil-fuel future What do Magritte’s famous painting from 1928 […]

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New study challenges the infrastructure mega-corridors agenda

We live in an age of what might be termed “extreme infrastructure”, and “Mega-corridors” are its most visible manifestation. A new study by Counter Balance calls attention on this pervading global agenda and identifies the risks associated with it. While infrastructure corridors are not new, their expansion has now reached an unimagined extreme scale. New […]

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