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.
Energy security for Europe or profit for Lukoil?
December 4, 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 just gearing up to offer a one billion dollar loan to Russian company Lukoil for gas extraction in Azerbaijan.
Visegrad countries push for more gas imports in 2030 deal
October 22, 2014
Prague – The Visegrad plus 2 countries (Poland, the Czech Republic, Hungary, Slovakia, together with Romania and Bulgaria) have all included a strong statement of support for the Southern Gas Corridor into their comments to the drafted EU 2030 Council conclusions to begin in Brussels this Thursday.
Azerbaijan political prisoners list published with report’s authors on it
August 19, 2014
London — Human rights activists in Azerbaijan published yesterday a list of 98 people who are currently political prisoners in the country run by the authoritarian regime of Ilham Aliyev. Ironically, the list includes the names of two of its authors, prominent rights activists Rasul Jafarov and Leyla Yunus, who were arrested under false charges earlier this month while they were working on the report.
