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If the EBRD stands for democracy it should not support TAP - Italian community addresses bank's directors

At a meeting with the directors of the European Bank for Reconstruction and Development, Bankwatch campaigners read a statement from Italian communities opposing the Trans-Adriatic Pipeline, the last leg of the Southern Gas Corridor, a 3500km pipeline intended to bring gas from Azerbaijan to Europe.

We reproduce the powerful statement here.


Beatings, framings and industrial chicken farms: a human rights briefing on MHP projects and international public finance in Ukraine

Ukrainian company Myronivsky Hliboproduct PJSC (MHP) is a long-term client of both the European Bank for Reconstruction and Development and the World Bank Group’s International Finance Corporation. MHP development has faced local opposition in a number of communities. Activists leading the opposition to MHP operations seem to have been framed for drug-related offences and/or beaten. Information on the incidents listed below is available in the public domain, however, they show only the tip of the iceberg.

Why the EBRD should not finance the Southern Gas Corridor

While the EBRD is currently considering loans for the Trans Adriatic Pipeline (TAP) and TANAP, both part of the Southern Gas Corridor, the bank should asses the reputational and financial risks of involvement in the project.

Letter to the EBRD regarding the bank's considerations to continue operations in Uzbekistan

The EBRD replied to the letter on April 19. Download their response as pdf >>

Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement

A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project.

Question marks abound over EU-Azerbaijan gas tango

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 the past couple of months, it seems the European Commission’s justifications for this controversial undertaking have been crumbling by the day.

Little left of human rights


UK companies 'linked to Azerbaijan pipeline bribery scandal'

Source: Jamie Doward, The Guardian

Alleged payments to Italian MP before key European debate scrutinised

World Bank's controversial TANAP loan is bad news for human rights and climate action

Yesterday, the World Bank’s board of directors approved two USD 400 million loans, to Azerbaijan and to Turkey, to develop the Trans Anatolian Pipeline (TANAP), the centrepiece of the Southern Gas Corridor project. CEE Bankwatch Network and Counter Balance are deeply concerned that the decision to channel such large amounts of money to Europe’s biggest fossil fuels project could exacerbate the already dismal human rights situation in both Azerbaijan and Turkey, and undermine the global efforts to tackle the climate crisis.

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