Tag Archives: EBRD

Out for Summer, Episode 2: how public banks support an unsustainable farming giant in Ukraine, ignoring communities’ rights

Myronivsky Hliboproduct (MHP) is a poultry farming giant operating in Ukraine. The company has received several loans by public banks including the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), even though its activities are seriously impacting the environment and local rural communities. The banks have so far declined any […]

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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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Why Europe must turn off the gas TAP – NGOs, academics & artists sign against the pipeline

Dear Maroš Šefčovič, Vice-President of the European Commission for the Energy Union. Werner Hoyer, President of the European Investment Bank, and Suma Chakrabarti President of the European Bank for Reconstruction and Development. We call on the European Commission to withdraw support for the 878 kilometre long Trans Adriatic Pipeline (TAP), and on taxpayer-funded banks to […]

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Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement

A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project   In 2015, the EITI board downgraded Azerbaijan’s membership status due to its relentless crackdown on civil society, political opponents and […]

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Why the Southern Gas Corridor is the wrong fix for Europe’s future

By Xavier Sol, originally published on Public Finance International. A mega project to pipe gas from Azerbaijan to Europe both rewards an autocratic regime and promotes a misleading energy model While the international consensus over the Nord Stream 2 pipeline has been shaken again after the Polish anti-monopoly watchdog halted the joint venture between Russia’s […]

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Report: The Trans Adriatic Pipeline, an Opportunity or a Scam in the Making for Albania?

A new report published today by Re:Common and Counter Balance reveals how the preparations for the construction of the Albanian section of the Trans Adriatic Pipeline (TAP) are not on schedule and are putting private interests way out in front of the public interest in one of Europe’s poorest countries. In the context of the […]

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