Tag Archives: gas

Fossil Fuel Subsidies Award Winners Revealed

Nine European countries have been named and shamed today in a public fossil fuel subsidies awards ceremony in Brussels. From 10 April until 8 May, the public voted on the deadliest, dirtiest and sneakiest subsidies to fossil fuels in Europe. A Special Award was also symbolically handed out to the EU institutions for their support […]

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Question marks abound over EU-Azerbaijan gas tango

By Anna Roggenbuck, originally published by Bankwatch Ministers, ambassadors and envoys from at least 15 countries, including Maroš Šefčovič, the European Commission’s Vice President for the Energy Union, are gathered today in the Azerbaijani capital to discuss the progress on the Southern Gas Corridor, the largest energy project the EU is currently pursuing. But over […]

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Trans-Adriatic Pipeline a major risk for banks, warns new analysis

Brussels, Belgium — An analysis published today by the finance watchdog groups Counter Balance and BankTrack has warned potential commercial bank investors to steer clear of the Trans-Adriatic Pipeline (TAP) owing to the project’s non-compliance with the Equator Principles, a set of risk management guidelines for project finance adopted by 89 commercial banks around the […]

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Energy colonialism: the EU’s gas grab in Algeria

IN DEPTH: The role of the Spanish State and Catalonia in gas relations with Algeria By ODG During the first five months of 2015, Algeria witnessed an anti-fracking uprising. The people of the Algerian oil and gas-rich Sahara, in their tens of thousands, rose against the authorities and multinationals’ plans to frack for shale gas […]

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NGOs call on World Bank not to finance the Trans Anatolian Pipeline

A group of 39 international NGOs sent a letter to the Directors of the World Bank (WB) today urging the Bank not to finance the Trans Anatolian Pipeline (TANAP). TANAP is the Eastern part of the Southern Gas Corridor, a 3500 kilometres-long chain of gas pipelines from Azerbaijan to Europe. The WB Directors will consider […]

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Revealed: the EU’s flagship energy project is built by companies with a legacy of corruption

December 13, 2016 Prague – CEE Bankwatch Network No less than 15 firms contracted to build the Trans Adriatic Pipeline (TAP) and the Trans Anatolian Pipeline (TANAP), the two main sections of the so-called Southern Gas Corridor, have been implicated in various forms of corruption in the past, according to a CEE Bankwatch Network report […]

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