Oil and gas

Press Release - Monday, February 9, 2004

High Level World Bank Review calls for the phase out of World Bank involvement in oil exploitation and coal mining

Bank Management to ignore recommendations says leaked report

(Ottawa) February 9th, 2004 -- Conforming to industry’s desires, the World Bank management is pushing to have its Board of Directors reject the recommendations of an independent review of its performance in the oil, coal, and mining sectors, according to a leaked report. The World Bank’s Management Response to the Extractive Industries Review (EIR) was leaked last week.

Press Responses : December 11, 2003

World Bank mulls advice to end oil project funding
 
(Reuters - Dec 11)
 
WASHINGTON - The World Bank is considering how to respond to an
independent report that recommends the institution phase out investment in
oil projects by the end of 2008 because of environmental concerns, a bank
official said this week.
 

The Extractive Industry Review was commissioned by bank president James

World Bank considers project in violation of WB policies Re: Environmental Impact Assessment

The Baku-Tbilisi-Ceyhan oil pipeline project is likely to go to the World Bank Board of Directors on October 30, 2003. A review of the Environmental Impact Assessment shows it in violation of almost all of World Bank policies.

Letter to Marcel Masse, Canadian Executive Director of the World Bank Group

Executive Summary of the Environmental Impact Assessment

Race to the Bottom, Take II (September 2003)

Race to the Bottom IIClick here for pdf

Significantly destructive projects that violate host country law, international environmental standards and international human rights and labor laws continue to be considered and supported by ECAs. "Race to the Bottom, Take II: An Assessment of Sustainable Development Achievements of ECA-Supported Projects Two Years After OECD Common Approaches Rev 6" presents a civil society proposal for reforming the OECD Common Approaches on Environment and supports the proposal with nine case studies of ECA-backed projects from all over the world.

The projects include the Aracruz Pulp and Paper Factory in Brazil, the BTC pipeline in Azerbaijan, Georgia and Turkey, the Bujagili dam in Uganda, the Camisea oil and gas project in Peru, the Cernavoda 2 Nuclear Reactor in Romania, the Sakhalin II oil and gas project in the Russian Far East, the Sepon Gold and Copper mine in Lao, the Tehri dam in India.

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