IFI policies and positions

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

Comments on the OECD 2003 Common Approaches, Rev. 2 - November 20, 2003

November 20, 2003

Mr. A. Ian Gillespie
President and CEO
Export Development Canada
151 O’Connor Street,
Ottawa, ON K1A 1K3

The Hon. Pierre Pettigrew
Minister of International Trade
Department of Foreign Affairs
125 Sussex Drive, Tower B, 5th Floor
Ottawa, ON   K1A 0G2

Dear Minister Pettigrew and Mr. Gillespie,

Thank you for forwarding me Rev. 2 of the OECD “Common Approaches on Environment and Officially Support Export Credits 2003.”

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

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