Tag Archives: human rights

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 […]

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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 VIDEO: The Southern Gas Corridor, a “Treachery of Images” for the EU’s future

As the European Investment Bank prepares to vote next Feb 6 on a € 1.5bn loan to the western leg of the gas mega-pipeline (the Trans Adriatic Pipeline – TAP), a new NGO video presents the blatant contradictions of this EU-sponsored project locking us in a fossil-fuel future What do Magritte’s famous painting from 1928 […]

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New study challenges the infrastructure mega-corridors agenda

We live in an age of what might be termed “extreme infrastructure”, and “Mega-corridors” are its most visible manifestation. A new study by Counter Balance calls attention on this pervading global agenda and identifies the risks associated with it. While infrastructure corridors are not new, their expansion has now reached an unimagined extreme scale. New […]

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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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