hands off! why international financial
institutions must stop drilling, piping and
mining
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hands off: why ifis must stop
drilling, piping and mining
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introduction
For many of us, it is unthinkable to go
through a single day without the comforts
provided by fossil fuels, metals and
minerals.
Almost everything that we do or use has
some connection with oil, gas and
minerals:
homes, food, drinks, clothes, pots,
knives, plates, pencils, pens, paper,
plastic, glass, cars, trains, airplanes,
guns, bullets, computers, telephones,
televisions, refrigerators, freezers, factory
equipment, farm implements, needles, thread,
toothpicks…The list is endless.
Production and consumption of these goods
happens at a great cost.
Although the comforts they provide are
taken for granted by many, sustaining their
cheap availability has come at a huge expense
for others. In the name of development,
International Financial Institutions (IFIs)
use taxpayer money to support the
exploitation of oil, gas and mineral
resources.
contents
background
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hands off! foreword 3
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introduction 6
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the impacts of fossil fuel and mining
operations 12
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broken promises 26
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recommendations 38
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resources 42
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glossary 43
case studies
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stifling dissent: colombia’s mining law
8
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lost rivers, lost lives marcopper spill
on marinduque island, the philippines
10
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toxic rivers, poisoned fish sepon gold
mine in laos 12
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paradise trashed: peru’s camisea
project 16
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fighting for a rosy future: rosia
montana gold mine in romania 20
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dividing and polluting: yanacocha gold
mine in peru 22
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livelihoods piped away: chad-cameroon
oil and pipeline project 26
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poisoning an island: papua new guinea’s
lihir gold mine 30
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quadruple bypass the west: african gas
pipeline 34
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dubious d-6 oil drilling in the baltic
sea 36
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risky oil for the rich baku-ceyhan oil
pipeline in the caspian region 38
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