Tag Archives: energy

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 […]

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New study shutters EU claims on climate benefits from flagship energy project

Originally published by Bankwatch. The controversial Southern Gas Corridor, the EU’s flagship energy project, could be as emissions-intensive as coal power or even more, a new study reveals. 30 January 2018 In less than two weeks the Trans Adriatic Pipeline (TAP), a key section of the Southern Gas Corridor, could be awarded a record EUR […]

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€1.5 billion public loan for controversial pipeline withheld

December 12, 2017 Prague, Brussels, Berlin Today, at a board meeting in Luxembourg the European Investment Bank (EIB) has decided, for now, not to waste €1.5 billion in public funds on the controversial Trans-Adriatic Pipeline (TAP). A growing number of civil society groups are calling on the EIB not to fund this fossil fuel pipeline. […]

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EU commission urged bank to support Azerbaijan gas pipeline

Originally published on Climate Home. 27/11/2017 Letter from top officials to the president of the EIB said Europe’s commitment to the pipeline ‘must not wane’ and called for publicly-backed loans By Karl Mathiesen Top European officials intervened in European Investment Bank (EIB) deliberations over a public loan to a huge pipeline project that will carry natural […]

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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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TANAP LOAN PROPOSALS UNDER FIRE

15 September 2017 By Kalina Oroschakoff | @MaKaOro | With thanks to Marion Solletty and Sara Stefanini. Originally published on POLITICO Pro Morning Energy and Environment. NGOs are stepping up their protests against the Southern Gas Corridor after the ‘Azerbaijani Laundromat’ money laundering scandal broke earlier this month. The European Investment Bank’s (EIB’s) board is […]

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