EU multilateral banks face complications in lending for gas pipeline
March 16, 2017
The €41 billion pipeline is supposed to ship gas from the Caspian Sea to the EU. Source: EU multilateral banks face complications in lending for gas pipeline
Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement
March 10, 2017
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.
Tackling gender inequality at the EU’s flagship energy project
March 7, 2017
It is fitting that we use today to reflect on the European Investment Bank’s new Strategy on Gender Equality and Women’s Economic Empowerment: 8 March is International Women’s Day. Adopted at the beginning of this year, the strategy complements the ban
Question marks abound over EU-Azerbaijan gas tango
February 23, 2017
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, t
EIB response to the Risky Business report
February 16, 2017
Why the EIB should not finance the Southern Gas Corridor – briefing for the directors of the European Investment Bank
January 24, 2017
UK companies ‘linked to Azerbaijan pipeline bribery scandal’
December 31, 2016
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
December 21, 2016
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.
NGO letter to AIIB Board of Directors on TANAP loan
December 20, 2016
We are writing to express our serious concerns about the Azeri TANAP project in Turkey coming to the Asian Infrastructure Investment Bank’s Board of Directors on Wednesday (December 21) at an extraordinary meeting. While the AIIB TANAP project sheet in
NGO letter to AIIB concerning loan for Trans-Anatolian Pipeline (TANAP) in Turkey
December 20, 2016
Ahead of an expected loan decision by the Asian Infrastructure Investment Bank for the TANAP pipeline, non-governmental organisations raised concerns over financing a project of this size in a country under martial law where the human rights situation is deteriorating continuously.
