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Construction works on the Trans-Adriatic Pipeline in Greece (Photo: © Trans Adriatic Pipeline)

Feature

EU bank courts controversy with €1.5bn gas pipe investment

Construction works on the Trans-Adriatic Pipeline in Greece (Photo: © Trans Adriatic Pipeline)

The European Investment Bank (EIB) decided this week to invest €1.5bn in a natural gas pipeline connecting Italy, Greece, and Albania – despite MEPs having requested a vote on such preferential treatment given to fossil-fuel gas projects.

The bank's decision has been heavily criticised by environmental groups, who said it was "one of Europe's largest ever loans to one of the EU's largest fossil fuel projects".

Among the concerns is that the project will increase greenhouse gas emi...

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