Despite Commission promise, new list of energy infrastructure ‘projects of common interest’ prioritises climate-wrecking fossil gas

November 24th, 2017 350.org, Corporate Europe Observatory, Counter Balance, PowerShift, Gastivists, Justice and Environment, Food & Water Europe BRUSSELS —Today, the European Commission presented its third “Projects of Common Interest” (PCI) list composed of energy infrastructure projects. It contains around 90 gas infrastructure projects. This is even more than the list of 2015 and directly contradicts […]

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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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New report exposes the lobbying power of the gas industry promoting the Southern Gas Corridor

Heavy lobbying from the gas industry could see us locked into fossil fuels for another 40-50 years. Rather than focusing on renewable energy and reducing demand, the EU and its governments want to build a new generation of pipelines and other gas infrastructure. The Southern Gas Corridor is an emblematic project supported by the industry […]

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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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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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