The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
The Georgian government has put a two week halt on BP's controversial Caspian oil pipeline project citing a breach of the environmental permit and other security concerns
Around the world, when politics and money prevail, the environment is the last issue considered.…
Notes from a civil society forum on economic impact of IMF programmes in low-income countries, 10 October 2013
Friends of the Earth has obtained clear evidence of the risks the proposed Baku-Tbilisi-Ceyhan (BTC)…
In December the CEE Bankwatch Network asked the Bank’s Board to delay approval of the Romania Forest Development Program.
Despite threats to the environment and fears of over-dependence on oil market vagaries, BP may receive as much as $500 million from the World Bank to build an 1,100 mile trans-Caucasus pipeline.
NGOs have written to the World Bank complaining about the contradictions between its support for oil pipelines, harbours, refineries and oil terminals which may threaten a national park protected under a previous Bank loan.