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Home > Archives for TAP

TAP

EU Ombudsman launches investigation into financing of Europe’s largest fossil fuels project

December 17, 2020

The European Investment Bank (EIB) has dangerously downplayed the contribution of the controversial Southern Gas Corridor to the unfolding climate crisis, according to a complaint that prompted the European Ombudsman to open a formal inquiry.


EIB Underestimated Climate Risks In Granting Loans To Southern Gas Corridor Projects -NGOs

February 7, 2019

Non-governmental organizations (NGOs) lodged a complaint on Thursday with the European Investment Bank (EIB), accusing the latter of failure to ensure a proper climate impact assessment when deciding on allocation of loans to two projects as parts of the Southern Gas Corridor (SGC)


Leaving Paris, the European Investment Bank steps on the gas

February 12, 2018

Distancing itself from the EU’s climate commitments enshrined in the Paris Agreement, the European Investment Bank has effectively taken a U-turn in its energy lending last week when it approved a record loan for the Trans Adriatic Pipeline.


EUR 1.5 billion public loan for controversial pipeline withheld

December 12, 2017

Today, at a board meeting in Luxembourg the European Investment Bank has decided, for now, to postpone loaning 1.5 billion euros to the controversial Trans-Adriatic Pipeline.


Between TAP and a hard place – Albanian farmers receive peanuts after losing land and livelihoods to gas pipeline

November 30, 2017

Interviews in Albania revealed a barrage of complaints about how the Trans-Adriatic Pipeline has been treating farmers affected by the mega gas project that may soon receive a record loan from the European Investment Bank.


Land lost but not forgotten

November 30, 2017

Impacts of the Trans-Adriatic Pipeline on the land and livelihoods of farmers in Albania In May 2017, Bankwatch, together with the Albanian Helsinki Committee undertook a mission along the corridor of the Trans-Adriatic Pipeline in Albania to talk to p


The great gas lock-in – industry lobbying is behind the EU push for new gas infrastructure

October 31, 2017

A new report from Corporate Europe Observatory shows why the fire-power of the gas industry makes it a powerful and effective lobbying force in Brussels and national capitals. Meanwhile, public interest groups have a fraction of the resources and access.


Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime

September 6, 2017

Revelations about the Azerbaijani Laundromat corruption scheme raise serious concerns over the EU’s intensifying relationship with the government in Baku and its readiness to turn a blind eye to the country’s human rights abuses and offer loans of millions of euros to a massive gas infrastructure project that would fill the pockets of the Azerbaijani corrupted elite.


EU urged to honour Paris Agreement, withdraw support for gas mega-pipeline

July 3, 2017

In an open letter released today, climate scientists, indigenous leaders, environmental and social justice groups, actors and artists call on the European Union to immediately withdraw its support for a gas mega-pipeline that would ‘destroy Europe’s climate targets’.


Italian communities block pipeline works to save ancient olive trees

March 23, 2017

An ancient olive grove in southern Italy is currently on the frontlines of grassroots resistance to the Southern Gas Corridor project, the EU’s flagship energy project.


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