Amidst the climate crisis, European Commission green-lights new fossil gas projects in Poland and Croatia
November 22, 2023
Poland and Croatia are set to receive EUR 1.2 billion in EU recovery funds to expand liquefied gas (LNG) terminals and build new pipelines.
Montenegrin NGOs counter Varhelyi pledge on LNG terminal
October 24, 2023
27 civil society organisations have sent a joint letter to the European Commission President Ursula von der Leyen, (1) questioning a recent statement by Enlargement Commissioner Olivér Várhelyi that the EU would help Montenegro to build a liquified gas (LNG) terminal at the port of Bar (2), and calling on the EU not to support the project.
Thousands demand European development bank stops financing fossil fuels
September 27, 2023
Over 6200 emails have been sent to the European Bank for Reconstruction Development (EBRD) calling for its next energy policy to end financing for fossil fuels and step up investments in the energy transition.
Legal challenges hit Greece – North Macedonia gas pipeline plans
September 19, 2023
Non-governmental organisations CEE Bankwatch Network and Eko-svest have submitted three formal complaints alleging legal breaches in the planned Greece – North Macedonia fossil gas pipeline project.
Bulgarian government’s Black Sea gas ambitions: a dangerous distraction from a just energy transition
August 8, 2023
In stark contradiction with the urgent need and ambitious measures taken to end Europe’s dependence on fossil fuels, the Bulgarian government is working to join a fossil gas prospecting project in the Black Sea.
Cutting off the pipeline from REPowerEU to the fossil gas industry
July 27, 2023
In May 2022, the European Commission, in response to the energy crisis, launched the REPowerEU plan – a set of measures aimed at ending the EU’s dependence on Russian fossil fuel imports by 2027. The plan emphasises the diversification of gas and oil supply sources, the replacement of fossil fuels with renewable energy sources by accelerating Europe’s clean energy transition, and the reduction of energy consumption, primarily gas, in the EU. Yet despite its ambitious scope, the plan excessively prioritises the interests of the fossil fuel industry.
Three governments are seeking EU money to deepen fossil gas dependence under the guise of energy emergency
July 27, 2023
Although the EU has managed to brave the energy emergency triggered by Russia’s assault on Ukraine, a Bankwatch report released today reveals that the Polish, Croatian and Bulgarian governments are still seeking at least EUR 1.5 billion in EU public money to build new fossil gas infrastructure under the guise of an emergency response.
Bosnia and Herzegovina’s draft NECP: The good, the bad and the ugly
July 20, 2023
Bosnia and Herzegovina’s draft NECP finally looks to the future, plans no new fossil fuel power plants and significantly scales back unrealistic hydropower plans. But existing coal plants are to keep operating illegally and the draft is furtive about coal-to-biomass plans.
Green light for major Black Sea gas project will accelerate the climate crisis
June 21, 2023
Romania’s OMV-Petrom announced today its final investment decision on the Neptun Deep fossil gas project in the Black Sea. If built, this massive offshore development could be the final nail in the coffin for Romania’s—and the EU’s—commitments to stem the climate crisis.
EU funds fossil gas in Poland and Romania despite climate goals
June 6, 2023
More than EUR 1.5 billion in EU funds has been provided to Poland and Romania for fossil gas projects since 2014. The two governments have earmarked even larger sums for the current EU budget period despite the bloc’s goals of reducing greenhouse gas emissions, according to a report released today by CEE Bankwatch Network.
