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Home > Bankwatch in the media > European gas pipeline receives £1.3 billion investment despite being dirtier than coal

European gas pipeline receives £1.3 billion investment despite being dirtier than coal

7 February 2018, The Ecologist

The Trans Adriatic Pipeline project that will transport gas across Southern Europe was promised a £1.3 billion loan from the European Investment Bank. But research suggests burning the gas will create as much carbon emissions as using coal. Environmentalists have therefore questioned the wisdom of the decision. ARTHUR WYNS reports

Source: European gas pipeline receives £1.3 billion investment despite being dirtier than coal

Institution: EIB

Tags: NoTAP | climate | fossil fuels | gas

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