European Public Bank promises €700 million for the Euro-Caspian Mega Pipeline

European Public Bank promises €700 million for the Euro-Caspian Mega Pipeline

The European Bank for Reconstruction and Development (EBRD) has promised up to €700 million for the disastrous Euro-Caspian Mega Pipeline. In a statement the Managing Director for Energy at the public bank said “the EBRD will invest €600-700 million in the Trans Adriatic Pipeline.” The Euro-Caspian Mega Pipeline (ECMP) is a huge piece of infrastructure...
IRIN news: Gas flares still a burning issue in the Niger Delta

IRIN news: Gas flares still a burning issue in the Niger Delta

The UN’s humanitarian news network, IRIN has reported on the ongoing health crisis caused by gas flaring in the Niger Delta. The burning off of gas that comes mixed with crude oil is harmful, illegal in Nigeria and has been found to violate human rights. Approximately $2.5 billion of gas is wasted each year, whilst less...
Eni misled shareholders over gas flaring in Nigeria

Eni misled shareholders over gas flaring in Nigeria

A new report by CRBM, Corner House and FoE Nigeria and others condemns oil majors Eni, Total and Shell for their record of environmental and social devastation in Nigeria. It also dissects EU ‘energy security’, arguing that a policy that locks the EU into dependence on fossil fuels leads to increased conflict and climate chaos. FOR IMMEDIATE...

Cleaning up Museveni’s oil mess in Uganda

Taimour Lay envisions the potential for a new government in 2011 to renegotiate and restructure Uganda’s oil contracts with Tullow, Total and CNOOC: “Faced with the mess Museveni has bequeathed, the new president will find that the most important thing he ever does in power is to mobilise support for renegotiation of the oil agreements....

Global Witness slams EU for cosying up to Turkmen dictatorship

The European Commission is turning a blind eye to corruption, lack of transparency and poor human rights in the repressive police state of Turkmenistan in a bid to secure future gas supplies, according to a new illustrated briefing paper from the campaign group Global Witness, launched on the eve of the 2009 oil and gas conference...