European Investment Bank expected to approve loan on day of summit to sign moment anniversary of Paris dealThe EU’s bank has come under fire for moves towards approving a €1.5bn (£1.3bn) loan for a gas pipeline from Azerbaijan to western Europe as the French president,Emmanuel Macron, prepared to hosted a climate change summit in Paris.
Campaigners said the European Investment Bank, or which is expected to support the transadriatic pipeline (TAP) with one of its largest ever loans on Tuesday,was acting against the EU’s climate change commitments.
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Source: guardian.co.uk