"Export Credit Agencies and Human Rights - An Overview"

"Export Credit Agencies and Human Rights"

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Francois Page
Advisor to the Executive Director for Canada
World Bank
1818 H street, N.W.
Washington, D.C. 20433

Fax: 1-202-477-4155

16 July, 1999

Dear Mr. Page;,

Please thank Ms. O"Leary for forwarding to us the Draft Final Report on the Fuel for Thought: Environmental Strategy for the Energy Sector and the Proposal to Establish a Prototype Carbon Fund. We appreciate their provision in order to enable us to provide more relevant input to the Board discussion on July 20th. As you know, the Bank did not share your commitment to transparency. The Bank decision not to release the Strategy publicly is, as you can imagine, a great disappointment to all of us who have been engaged in consultations on this Strategy over the past year. We would appreciate if Canada can express its concern that the Strategy was not publicly released prior to the Board meeting.

 
Backgrounder (1999)
 

An international consortium consisting of Exxon, Shell and Elf, a French company, is sponsoring the project. The project includes the drilling of 300 wells in the Doba oilfields of southern Chad, the construction of a 1050 km long, 30 m wide buried pipeline through to an offshore marine export terminal facility 15 km off the coast of Cameroon.

 The consequences of the World Bank's fossil fuel expansion in the global South are proving devastating for the Earth's climate as greenhouse gases generated in mining and burning of fossil fuels are released into the Earth's atmosphere.