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Energy & Extractive Industries

Extractive industries (oil, gas, and mining) and energy projects leave heavy environmental and social footprints both locally and globally, often causing irreversible damage to land, water, and community infrastructure, and contribute to greenhouse gas emissions. They typically involve large-scale investments in such projects as hydroelectric dams, gas and oil extraction and transport, and coal and mineral mines.

This page was last updated in November 2009. For more recent information, see our current issues listed to the right

Download BIC's recent study that highlights the World Bank's financing of fossil fuels. (PDF 3055.7 KB)

Download the latest list of past, current and proposed extractive industries and energy projects in your region on BIC's IFI Extractive and Energy Project Spreadsheets page.

Many civil society groups argue that the risks of these activities are disproportionately borne by the populations of developing countries while the rewards consistently accrue to corporations and consumers in developed states. In addition, some argue that the promotion of extractive industries has fueled a detrimental dependence on commodity exports in many countries of the Global South.

Because of the significant impacts resulting from energy and extractive industries, BIC’s regional and policy programs are involved in monitoring IFI involvement in these sectors. BIC's activities include:

  • Helping local partners track and influence decisions regarding energy and extractive industry projects in their countries and regions
  • Engaging directly with the IFIs to promote adherence to environmental and social safeguards and monitors their implementation in specific projects
  • Working with local and international civil society organizations concerned with energy access for the poor
  • Emphasizing the pursuit of small-scale, decentralized, renewable energy alternatives to the large-scale energy projects that frequently receive IFI support
  • BIC is also a major advocate of transparency in extractive industry revenues and contracts, and is a member of the Publish What You Pay (PWYP) USA Coalition

This page was last modified on August 26, 2009.

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Problem Projects

Ahafo Gold Mine (Ghana) Open-pit cyanide processing gold mine will physically and economically displace nearly 10,000 people in its first phase alone Azeri-Chirag-Gunashli Phase I (Azerbaijan) Environmental problems cloud Caspian consortium of oil fields feeding the BTC Pipeline Baku-Tbilisi-Ceyhan (BTC) Pipeline Project (Азербайджан, Грузия и Турция) Controversial pipeline monitored for adherence to IFC and EBRD policies and to international standards Bautino Atash Marine and Supply Base (Kazakhstan ) Bautino Project raises environmental and health concerns Bujagali Hydroelectric Project (Uganda) Costly, unsustainable dam on the White Nile opposed by local civil society organizations. Camisea Natural Gas Project (Peru) Exploration, extraction, and transport activities have led to degradation and conversion of critical natural habitats Chad-Cameroon Oil Pipeline Project (Chad, Cameroon) One of the most controversial World Bank projects ever, this $4.2 billion pipeline fails to beat the "resource curse" Eskom () $3 billion for new coal plant will deepen South Africa’s climate debt for the benefit of transnationals, while leaving South Africa’s poor in the dark. Inambari Hydroelectric Project (Peru) A 2,000 MW dam, the largest in Peru, at confluence of Madre de Dios, Puno and Cusco will send 75% of electricity to Brasil Kumtor Mining Project (Kyrgyz Republic) Kyrgyz mine's consequences include dangerous conditions and multiple toxic spills Lukoil Overseas – South Caucasus Pipeline (Azerbaijan, Georgia) The South Caucasus Pipeline shares the same corridor, as well as social and environmental concerns, as the controversial BTC Pipeline Lukoil Overseas (Karachaganak Oil Field) Project (Kazakhstan) Village threatened by high levels of toxic substances Mittal Steel (Temirtau, Kazakhstan) Arcelor Mittal Temirtau has received numerous loans from the IFIs, despite its problematic track record. Nam Theun II Hydropower Project (Lao PDR) Partly built dam has already caused significant environmental destruction Phulbari Coal Project (Bangladesh) ADB’s Private Sector Arm Considering Funding Controversial Coal Project in Northwest Bangladesh Russkiy Mir II (Russia) Oil and gas oil terminal funded by the IFC has serious environmental and social effects but does not heed local complaints Sakhalin II (Phase 1 and 2) (Russia) The Sakhalin II project is the second consortium to extract gas and oil reserves from the far eastern Russian island. Song Bung 4 Hydropower Project (Quang Nam Province, Vietnam) ADB finances a 156 Hydropower project in Vietnam Southern Interoceanic Highway (Peru-Brazil) (Peru) This controversial transcontinental road project threatens the environment and indigenous communities in both Peru and Brazil. West African Gas Pipeline Project (Nigeria, Benin, Togo, Ghana) Local groups say project will not end gas flaring, could exacerbate conflicts in the Niger Delta

All problem projects

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Last updated 12 March 2010
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