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How Europe’s bank spends cash for climate undermines Paris commitments

The EU’s 28 finance ministers will be meeting tomorrow (May 23) to discuss the priorities of the European Investment Bank (EIB) for the coming year. A new analysis finds the bank’s contribution to Europe’s response to the climate crisis has been worryingly insufficient and needs to be stepped up.

The winners and losers of climate action at the European Investment Bank

This analysis of the bank’s climate action is based on the climate action database disclosed by the EIB. The database includes projects which were signed in 2016 and classified in line with the methodology approved by the bank in its Climate Strategy.

If the EBRD stands for democracy it should not support TAP - Italian community addresses bank's directors

At a meeting with the directors of the European Bank for Reconstruction and Development, Bankwatch campaigners read a statement from Italian communities opposing the Trans-Adriatic Pipeline, the last leg of the Southern Gas Corridor, a 3500km pipeline intended to bring gas from Azerbaijan to Europe.

We reproduce the powerful statement here.


The dirty secret in Sofia's backyard - the coal dust that only comes at night

Brussels may fine Bulgaria for its excessive air pollution. But living in Pernik, the most polluted town in Europe, remains a hazard to peoples’ health as the results of Bankwatch’s independent dust monitoring show.


Italian authorities overrun communities in a bid to enable Europe's dash for gas

In a last minute attempt to force facts on the ground, the Italian authorities have enabled the removal of a group of olive trees to make room for a future construction site of the Trans-Adriatic Pipeline (TAP), despite an earlier agreement between the company and local institutions. Nevertheless, the company has not been able to clear the site by the official deadline and the residents have vowed to step up their protest against the largest energy project the EU is currently pursuing.

Why the EBRD should not finance the Southern Gas Corridor

While the EBRD is currently considering loans for the Trans Adriatic Pipeline (TAP) and TANAP, both part of the Southern Gas Corridor, the bank should asses the reputational and financial risks of involvement in the project.

Bratislava D4/R7 Highway

There have been a number of irregularities with the planning of the Bratislava D4/R7 project that have stirred public criticism about the imprudent spending of public money. This briefing presents a summary of the facts and allegations that can be seen as corrupt and fraudulent practices which threaten the misuse of the European Bank for Reconstruction and Development's funds and jeopardise the bank’s reputation.

Why no Trans-Adriatic Pipeline (NO TAP), here or elsewhere

This article first appeared on the Re:Common website.


It was the end of February and the scene is Baku, the capital of Azerbaijan. During an official meeting, the Italian government was severely criticised for the considerable delays in the construction of the Trans Adriatic Pipeline (TAP), part of the Southern Gas Corridor.


Making the coal phase out fair for workers - unions, companies and environmentalists discuss just transition in Romania

A Romanian coal mining region is writing history today as representatives from unions, the coal industry and environmental organisations are coming together for the first time to discuss their communities’ future – with a common goal in mind.


River defenders gather forces in Georgia

This week, activists from across the world are meeting in Tbilisi to share their experiences of resisting hydropower projects and the money that supports them.


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