Home
Arabica Robusta's Library tagged → View Popular
t r u t h o u t | A Humanitarian Disaster in the Making Along the Chad-Cameroon Oil Pipeline - Who's Watching?
-
The World Bank’s public sector lending arms (the IDA and IBRD) announced their withdrawal from the project in 2008 stating “Chad failed to comply with key requirements” of their participation, though the World Bank’s private sector lending arm (the IFC) had no problem staying on board to reap the benefits of its $200 million commercial loan.
-
Exxon and the project planners claimed that compensations would be paid to displaced people, but that “self resettlement” would take place naturally whereby villagers would find/purchase new land for farming from a “village land pool.” A recent Chadian report notes that this has not happened; many farmers have not found land or enough land. Agricultural production is continually declining and will ultimately penalize the entire country.
- 11 more annotations...
Exxon Said to Pay $4 Billion for Stake in African Field - NYTimes.com
"While major companies like Exxon have focused on developing large oil and gas projects, much of the riskier and more prospective exploration has been undertaken by smaller, independent producers like Anadarko Petroleum, Tullow Oil and Kosmos. "
ExxonMobil and Africare Launch Three-Year Women's Economic Empowerment Program in Chad - MarketWatch
ENVIRONMENT: EU Bank 'Financing Destruction' in Africa
-
Osayande Omokaro from Friends of the Earth Nigeria said that European energy firms are eager to increase their investment in Africa in order to compete with China and to reduce their dependence on oil and gas from the Middle East and Russia.
"Europeans pride themselves as promoters of human rights, freedom and good governance," he added. "The Chinese do not really promote these values. The Europeans must live by what they practise at home, even if it means losing some ground to the Chinese. It is better to make sure you practise what you preach."
BBC NEWS | Africa | Chad's oil watchdog 'powerless'
A committee set up to oversee oil revenues in Chad has protested about lack of resources from the government and oil company involved.
The central African state became an oil producer last year.
The committee was set up under a World Bank plan to tr
-
a senior member said neither Exxon Mobil - which has built a pipeline to export the crude - nor the government were providing sufficient information.
A rather staid anti-corruption conference in London came alive when Therese Mekombe, vice-president of the Chadian oversight committee, got up to speak. -
He said the Chadian economy was set to grow by more than 20% a year as a result of oil revenues.
But Mrs Mekombe continued to paint a negative picture of both the oil company and the Chadian government.
Questions Concerning The World Bank and Chad/Cameroon Oil and Pipeline Project -- Makings of a New Ogoniland? Corporate Welfare Disguised as Aid to the Poor - Environmental Defense Fund
Good early article.
-
The World Bank claims that the project will alleviate poverty because revenue from the oil for the Government of Chad and royalties for the Government of Cameroon for the use of the pipeline would be invested in poverty programs. This argument has little credibility, however, in view of the demonstrated lack of commitment by either government to alleviate poverty.
-
An environmental impact assessment is being carried out and an Environmental Panel was put in place to mitigate these problems. But the best environmental reports are of little help when there is no government commitment to carry out its recommendations. This lack of commitment is especially evident in Cameroon, a country with one of the highest rates of deforestation in the world. Once the money is flowing, the unholy trinity of oil, power, and corruption will make corrective action difficult.
- 1 more annotations...
ExxonMobil Operations Integrity Management System
Encountered in context of Chad-Cameroon Petroleum Development Project
Paddy's writing on Brand and Reputation: Response to article in The Guardian by Jeremy Leggett
The power which was once in the hands of Exxon, Shell, BP and the others has shifted almost entirely to the National Oil Companies (NOCs). Remember that the growth of the oil industry was characterised by a corporation like Shell having skills and resourc
ExxonMobil: Chad Pipe Output Not Impacted By Unrest
I am reminded of Shell benefiting from instability in Nigeria.
The Project (Chad/Cameroon Development Project)
Chad began its efforts to develop its oil resources in 1969. The presence of oil in commercial quantities was confirmed in 1975. Construction on the project began in late 2000, more than 30 years after exploration began. After years of study, planning, an
Scoop: Nigeria: Rebels Spoil For Fresh Oil War
WITH the paralysing effect of the two weeks of cult war in Port Harcourt, the Rivers State capital, yet to clear, the Niger Delta, Nigeria's oil and gas basin, will soon cycle back into a new wave of insurgency. Some of the aggrieved rebel groups are spoi
News & Broadcast - Press Reviews
Headlines For Monday, April 9, 2007
Finance Chiefs To Survey Robust World Economy
East Asia Reveals Its Strength
WB Reviewing Its Activities, Says World Bank Chief
Thailand: World Bank Lowers Thailand's GDP Growth Estimate
East Timor Votes To H
CorpWatch : US: World Bank raps Exxon over Chad
The World Bank has told an Exxon Mobil-led consortium to take corrective action to fully compensate farmers in southern Chad who lost land and their livelihoods as the U.S. company expands its search for oil in the Doba basin. The bank's private-sector le
Stakeholder Democracy Network
Stakeholder Democracy Network is a not-for-profit organisation. We help communities, especially those in the global South where big businesses' impacts are greatest, to communicate and negotiate with other stakeholders whose investments and operations aff
Selected Tags
Related Tags
Sponsored Links
Top Contributors
Groups interested in exxon
Diigo is about better ways to research, share and collaborate on information. Learn more »
Join Diigo