Southern Gas Corridor

==Financing==

==Financing==

===European Investment Bank===

===European Investment Bank===

On 6 February 2018, The [[European Investment Bank]] (EIB) voted to hand out EUR 1.5 Billion, one of Europe's largest ever loans, to one of the EU's largest fossil fuel projects, the Trans Adriatic Pipeline. The loan approval followed the release of a study demonstrating that the Southern Gas Corridor could be as emissions-intensive or even more so than coal power.

On 6 February 2018, The [[European Investment Bank]] (EIB) voted to hand out EUR 1.5 billion, one of Europe's largest ever loans, to one of the EU's largest fossil fuel projects, the Trans Adriatic Pipeline. The loan approval followed the release of a study demonstrating that the Southern Gas Corridor could be as emissions-intensive or even more so than coal power.

A document obtained via a freedom of information request revealed that the European Commissioner for Energy and Climate Action and the Vice President of the European Commission in charge of the Energy Union had been lobbying the EIB to green-light loans to TAP and the eastern section of the Southern Gas Corridor, the Trans Anatolian Pipeline.<ref>{{Cite web |title=Controversial gas pipeline gets EUR 1.5 billion in public money amid massive climate risk |url=https://bankwatch.org/press_release/controversial-gas-pipeline-gets-eur-1-5-billion-in-public-money-amid-massive-climate-risk |access-date=2018-03-07 |website=Bankwatch.org |publication-date=February 2018}} [[File:CC BY-SA icon.svg|50px]] Material was copied from this source, which is available under a [https://creativecommons.org/licenses/by-sa/3.0/ Creative Commons Attribution-ShareAlike 3.0 Unported] license.</ref>

A document obtained via a freedom of information request revealed that the European Commissioner for Energy and Climate Action and the Vice President of the European Commission in charge of the Energy Union had been lobbying the EIB to green-light loans to TAP and the eastern section of the Southern Gas Corridor, the Trans Anatolian Pipeline.<ref>{{Cite web |title=Controversial gas pipeline gets EUR 1.5 billion in public money amid massive climate risk |url=https://bankwatch.org/press_release/controversial-gas-pipeline-gets-eur-1-5-billion-in-public-money-amid-massive-climate-risk |access-date=2018-03-07 |website=Bankwatch.org |publication-date=February 2018}} [[File:CC BY-SA icon.svg|50px]] Material was copied from this source, which is available under a [https://creativecommons.org/licenses/by-sa/3.0/ Creative Commons Attribution-ShareAlike 3.0 Unported] license.</ref>