The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project
February 7, 2019
Brussels – In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it with major financial support using EU public money.
February 4, 2019
In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing
As human rights declaration turns 70, development banks have a ways to go to respect and protect rights defenders
December 10, 2018
Today 10 December marks the seventieth anniversary of the Universal Declaration of Human Rights. To coincide with this milestone, Bankwatch together with more than 200 organisations globally has called on international financiers  to ensure that these institutions support the realisation of human rights, avoid causing or contributing to rights abuses, promote an enabling environment for public participation, and safeguard rights defenders.
July 13, 2018
The World Bank Group has issued a guarantee for a US$1.1bn syndicated loan for the huge Trans-Antolian Natural Gas Pipeline (Tanap), which is to transport gas from Azerbaijan to Europe. Source: Funding flows into Eurasian gas pipelines
July 5, 2018
For more than a year protesters have sought to stop work on a European-financed natural gas line coming all the way from Azerbaijan and the Caspian Sea to the land of olive trees and beaches in sou… Source: Gas Line to Europe Raises Questions of Corrup
July 4, 2018
Brussels, London, Rome, Prague – Today the European Bank for Reconstruction and Development (EBRD) has approved a loan of EUR 500 million for the multi-billion euro Trans-Adriatic Pipeline (TAP) , in spite of the project failing to conform to the bank’s own policies and the fervent local resistance following the 878-kilometre pipeline where it crosses land in Greece and Albania before arriving onshore in Italy.
June 12, 2018
There is nothing that will change except from the supplier country since instead of Russia Europe will now Source: The ‘deconstruction’ of the most ambitious project of the EU, the ‘Southern Gas Corridor’
June 7, 2018
Il neoministro dell’Ambiente, Sergio Costa, ha bollato come “inutile” il corridoio Sud, che dovrebbe trasportare 10 miliardi di metri cubi di nuovo gas in Italia, sposando la tesi contraria a quella del precedente governo, che invece riteneva quest’ope
April 17, 2018
L’indépendance énergétique de l’Europe. Tout un programme, et en ces temps de tension extrême avec Moscou, tout projet qui vise à réduire notre dépendance au gaz russe est plus que bienvenu. C’est le cas du Corridor gazier sud-européen, 3 500 km de tuy
February 12, 2018
Distancing itself from the EU’s climate commitments enshrined in the Paris Agreement, the European Investment Bank has effectively taken a U-turn in its energy lending last week when it approved a record loan for the Trans Adriatic Pipeline.