Tag Archives: Southern Gas Corridor

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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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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€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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Between TAP and a hard place – Albanian farmers receive peanuts after losing land and livelihoods to gas pipeline

Originally published by Bankwatch. Interviews in Albania revealed a barrage of complaints about how the Trans-Adriatic Pipeline has been treating farmers affected by the mega gas project that may soon receive a record loan from the European Investment Bank. Sven Haertig-Tokarz, Web editor  |  30 November 2017 The full report from the fact-finding mission is available for […]

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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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