Letter to European Commission: Request for information on EIB’s involvement in the Transadriatic Pipeline (TAP)
April 9, 2015
Given the size of the Southern Gas Corridor project it is important that its effects on the environment and especially nearby Natura 2000 sites are duely accessed and that the necessary time to conduct public consultation both in the EU-28 countries and outside of the EU-28 as indicated to the Commission during various meetings related to the second list of PCIs preparation.
Bankwatch statement on today’s EU Council decision about the ‘Energy Union’
March 19, 2015
Europe’s leaders have failed today to live up to their commitments and make the EU’s energy future more sustainable. The Commission’s ‘Energy Union’ strategy endorsed today by EU Heads of States prioritises new fossil fuel infrastructure at the expense of investments into energy savings and clean energy sources.
Dr. Jekyll and Mr. Hyde: An Energy Union torn between clean energy and fossil fuels
February 24, 2015
Brussels – The vision of Energy Union to be outlined by the European Commission tomorrow proposes making Europe a world leader in renewables and energy efficiency, but at the same time envisages significant investments undermining that goal, such as gas import infrastructure, nuclear and dirty unconventional fossil fuels.
EU priority gas pipeline faces fierce opposition in Italy
February 17, 2015
The European Investment Bank recently confirmed plans to finance the Trans-Adriatic Pipeline from Greece via Albania to Italy. Yet a coalition of local mayors will do whatever it takes to stop the project.
EIB Climate Action undermined by bank’s fossil fuel lending
February 11, 2015
Brussels — Ahead of a public consultation on the European Investment Bank’s Climate Action Programme tomorrow in Brussels, Bankwatch insists that, if the bank’s pro-climate efforts are to be effective, the EIB must give up its loans to fossil fuels and other climate-damaging sectors.
Natural gas left, right and centre at Energy Union conference in Riga
February 11, 2015
Massive infrastructure for transporting natural gas is shaping up to be a centre piece of the Energy Union put forward by the Juncker Commission. This was also the impression Bankwatch campaigners had at an Energy Union conference in Riga last week.
European Investment Bank confirms plans to finance Trans-Adriatic Pipeline
February 4, 2015
On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.
Pipe dreams – why public subsidies for Lukoil in Azerbaijan will not reduce EU dependency on Russia
January 21, 2015
The study explains why the Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia.
Pipe Dreams: Why the Southern Gas Corridor will not reduce EU dependency on Russia
January 21, 2015
Brussels – The Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia, according to a new NGO study “Pipe Dreams” published today.
Proposed Lukoil EBRD loan – for whose benefit?
December 22, 2014
Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are gearing up to offer almost a billion dollars in financial support to Russian company Lukoil for gas extraction in Azerbaijan.
