The European Investment Bank (EIB) is at COP23, the UN climate talks in Bonn, talking about financing climate solutions.
Yet this week it is also facing mass protest over its possible multi-billion euro loan to the Trans-Adriatic Pipeline (TAP). The pipeline would transport Azerbaijani gas from the Turkish-Greek border to the heel of Italy. The $4.5bn TAP is the last leg of the BP-led Euro-Caspian Mega-Pipeline, or Southern Gas Corridor as the industry calls it. The entire Euro-Caspian Mega-Pipeline costs $45bn and is mired in human rights abuses, corruption scandals and numerous illegalities - but it’s still going ahead.
