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No less than 15 firms contracted to build the Trans Adriatic Pipeline (TAP) and the Trans Anatolian Pipeline (TANAP), the two main sections of the so-called Southern Gas Corridor, have been implicated in various forms of corruption in the past, according to a CEE Bankwatch Network report published today.
A new Bankwatch study reveals a worrying track record of criminal and corrupt activities among the companies that are building Europe’s flagship gas pipeline project, the Southern Gas Corridor.
Risky business – Who benefits from the Southern Gas Corridor
December 13, 2016 | Read more
The Southern Gas Corridor, a string of pipelines meant to bring gas from Azerbaijan into Europe, is presented as a panacea for all ills and is set to benefit from some of the biggest loans in the history of European public banks. But as this report reveals, Europe’s flagship energy project is set to benefit a host of companies and individuals with a particularly shady track record. Several companies contracted to build the Southern Gas Corridor have a worrying history of corruption.
Sustainability criteria for hydropower development
December 11, 2016 | Read more
Any hydropower project no matter the size can cause negative consequences to water basins, associated ecosystems, to climate and affected communities living along the water basins. A large number of individually acceptable projects can also lead to una
Reviewing the European Investment Bank’s carbon footprint methodology
December 8, 2016 | Read more
The briefing makes recommendations for the European Investment Bank’s methodology for calculating greenhouse gas emissions, which is currently under review. It also provides case studies that illustrate the shortcomings of the bank’s current approach – most notably its strategy towards supporting gas projects.
