Tag Archives: climate

Global Gas Lock-in. Bridge to nowhere

Originally published by Rosa Luxemburg Stiftung. Fossil gas is gaining ground and increasing in importance in the global energy scenario. There are numerous publications and studies evaluating the risk of fuels such as crude oil and coal, but in the case of gas it is more difficult to find critical analyses of the risks involved […]

Read more

EU climate commitments gassed by toxic subsidies

Originally published on the CAN Europe website. European politicians may be talking up their climate action, but in reality the EU is still subsidising new gas infrastructure that will lock Europe into the fossil fuel age for decades. The gas projects are also associated with human rights violations, corruption, and environmental destruction. Gas is a […]

Read more

Counter Balance Activity Report 2017

All you need to know about our activities in 2017 in a short booklet. Read our 2017 Activity Report here.

Read more

Controversial Turkish-Azerbaijani gas pipeline gets major EU loan

15 March 2018 Prague, Brussels, Rome, London – Today the board of directors of the European Investment Bank (EIB) green-lighted a EUR 932 million loan to the Trans Anatolian gas pipeline (TANAP), the Turkish section of the Southern Gas Corridor, a month after handing out the largest ever fossil fuels loan to the western section of the […]

Read more

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 […]

Read more

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 […]

Read more