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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Letter to the EIB on the financing of MOSE project in Italy and corruption scandal

Re:Common and Counter Balance have written to the European Investment Bank (EIB) President and Directors to notify the bank of the latest developments regarding the trial for corruption that just ended in Italy in relation to the MOSE project. MOSE is a major infrastructure project in Italy which received financial support from the EIB for […]

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Human rights concerns over EIB loan to TANAP – an Open Letter

  In view of the upcoming EIB Board of Directors meeting on 19 September, Counter Balance along with a group of 25 NGOs has sent an open letter to the bank’s President Werner Hoyer and Directors, highlighting the serious human rights concerns over the Trans Anatolian Pipeline (TANAP) project. As the bank envisages a huge […]

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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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