Tag Archives: EBRD

“Walking The Line”: The “dark” side of the Trans-Adriatic Gas Pipeline (TAP) [in Greek]

16/06/2017 By Xavier Sol, originally published by Huffington Post Greece. Υπάρχει ένας Έλληνας, ένας Ιταλός και ένας Αζέρος. Κάπως σχετίζονται μεταξύ τους, αλλά όχι, αυτό δεν είναι η αρχή ενός παλιού αστείου. Υπάρχει μια διαδρομή που συνδέει τη ζωή τους και πρόκειται σύντομα να πάρει τη μορφή ενός μακριού αγωγού, αυτού του Νότιου Διάδρομου Φυσικού […]

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Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change

October 18, 2017 Prague, Brussels A USD 500 million loan approved today by the European Bank for Reconstruction and Development (EBRD) for the construction of the Trans Anatolian Pipeline (TANAP) would enable this massive fossil fuels project while overlooking the continued repression of civil society and media in both Azerbaijan and Turkey. Traversing Turkey, from […]

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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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