The EU’s flagship project lacks climate assessment
16 March, 2018
While the EU portrays itself as a leader of the Paris Agreement, its financial arm – the European Investment Bank (EIB) – approves another loan to the controversial Southern Gas Corridor project without proper climate impact assessments.
Read moreInternational banks fuelling a hydropower tsunami that’s decimating pristine Balkan rivers – study
16 March, 2018
Radolfzell, Vienna, Prague – Multilateral development banks have supported no fewer than 82 hydropower projects across southeast Europe, including in protected areas, according to a study by CEE Bankwatch Network released today.
Read moreControversial Turkish-Azerbaijani gas pipeline gets major EU loan
15 March, 2018
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 same project.
Read moreWay off track in Riga, as controversial EU-funded tram project plows ahead
7 March, 2018
Business interests continue to overshadow public concerns with regards to the dubious €100-million tram project in Riga.
Read moreThe Baganuur women affected by coal burning
6 March, 2018
The coal industry continues to negatively impact the local population and environment soothing the public with a false promise for reliable and affordable energy. The damaging influence is especially prominent for the women of Baganuur.
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