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.
Letters to EBRD regarding loan for Naftogaz pipeline
December 9, 2014
The letters were sent shortly before the EBRD’s board of directors are to approve a loan for the Naftogaz Emergency Pipeline Upgrade and Modernisation project. Since the project has not yet passed through all environmental and social procedures, Bankwatch asked the EBRD’s president and its board in separate letters to postpone the board decision. Letter to the EBRD president >> (pdf)
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.
The Euro-Caspian Mega Pipeline – another ‘Blair rich project’
August 8, 2014
The hiring of former British prime minister Tony Blair to advise a BP-led consortium pushing forward with plans to pump Caspian gas from Azerbaijan to Europe has bumped the ‘Euro-Caspian Mega Pipeline’ (ECMP) into western media coverage and lead to criticism of yet another unsavoury Blair consultancy.
Streamlining environmental assessment procedures for Projects of Common Interest (PCIs)
July 15, 2014
This briefing outlines the environmental legislation related to investments that have been designated as Projects of Common Interest (PCIs). Through this briefing we explain for a range of stakeholders – namely civil society organizations (CSOs), local municipalities and national authorities – what are the PCIs and why these audiences should ensure that these projects do not cause undue environmental damage.
Who is Jan Kulczyk, the man behind Serinus Energy?
May 19, 2014
In the summer of last year, the European Bank for Reconstruction and Development (EBRD) approved a 60 million euro loan to Serinus Energy for financing the development of four oil and gas fields in Tunisia (Sabria, Chouech Essaida, Ech Chouechand Sanrahr) between 2013 and 2017.
Same old, same old – No signs yet that Bulgaria is getting real about how to spend its future EU budget money
October 31, 2013
With less than three months to go until the 2014-2020 EU budgetary period gets underway, a Bulgarian Partnership Agreement is being discussed with the European Commission – but the less said about it the better. In the spirit, though, of a country where a shake of the head means ‘Yes’, we have chosen to spill the beans at some length on where familiar mistakes are being taken, and where they may lead.
Regional funding negotiations – Green groups warn against last minute reintroduction of fossil fuel subsidies
May 16, 2013
With the final negotiations aimed at sealing agreement on the EU budget for 2014-20 now underway, environment NGOs are warning that a last minute amendment aimed at permitting EU subsidies for fossil fuels that are devastating for the climate must be rejected by negotiators of the future EU Cohesion Policy’s regional development funds.
Oil for nothing: European energy security endangers livelihoods in Nigeria
February 8, 2012
A documentary exposes the practices and disastrous local impacts of oil extraction by European energy companies in Nigeria. Food for thought for ourselves and our political representatives at national and European level.
