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Southern Gas Corridor update: Russian involvement increasingly evident

While new public finance for the Southern Gas Corridor is lining up, the European Commission’s narrative that the pipeline would relieve Europe’s dependence on Russian gas continues to crumble. — By Ido Liven, originally published by Banwkatch — Another chunk of EU public money could soon be going to the Russian component of the Southern […]

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Accusation Manifest, People’s Tribunal on the Castor project

Faced with impunity, the citizens accuse. You can join as an organisation or individual through this form until Friday, June 16th. The Castor project -a geological gas storage offshore in the Mediterranean-, granted to ESCAL UGS (66.6% participated by Florentino Perez’s ACS) by the PSOE government, hibernated its activity in 2013 after causing 1,000 earthquakes […]

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Energy colonialism: the EU’s gas grab in Algeria

IN DEPTH: The role of the Spanish State and Catalonia in gas relations with Algeria By ODG During the first five months of 2015, Algeria witnessed an anti-fracking uprising. The people of the Algerian oil and gas-rich Sahara, in their tens of thousands, rose against the authorities and multinationals’ plans to frack for shale gas […]

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La crise turque relance la bataille du gaz en Europe

This article was originally published by Mediapart. 21 août 2016 | Par Ludovic Lamant Le coup d’État raté à Ankara n’a pas seulement seulement fragilisé l’accord sur les migrants conclu avec Bruxelles. Il bouscule aussi les projets énergétiques de l’UE, qui mise sur la construction d’un gazoduc géant, de la Caspienne à l’Italie, pour freiner […]

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Can the European Investment Bank Become a Leader in Climate Issues?

The European Investment Bank is poised to see its role bolstered in Europe with the new European Commission’s investment plan. But while certain governments are jeopardising Europe’s climate goals for 2030, the self-proclaimed “Eu Bank” is putting an end to its climate-harming practices and has finally earned its position as frontrunner in fighting climate change […]

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European public banks drive climate change instead of reversing it

’Assessing the amount of ‘unburnable carbon’ embedded in international financial institution portfolios’, a study prepared by the Bretton Woods Project found that: Multilateral Development Banks (MDBs) [1] have $20 billion of active investments in fossil fuel projects with a carbon potential of the equivalent of 29.3GtCO2 (gigatons of carbon dioxide). The carbon potential of the […]

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