c.s. mott foundation
Faced with widespread criticism, the World Bank is losing its legitimacy. The Bank is increasingly condemned for exacerbating poverty instead of reducing it, for imposing harmful economic policy conditions, for causing environmental devastation, conflict, and flouting local people’s rights.
In November 2007, Friends of the Earth International, FoE Europe, and other groups campaigning to end public funding for extractive industries achieved a key victory as an overwhelming majority of 540 Members of the European Parliament approved an important resolution. Despite some (expected) watering down of an original Green Group draft report for the resolution, crucial aspects still passed the plenary vote – a major success.
In 2007, the European Bank for Reconstruction and Development (EBRD) announced that it would no longer consider funding the Sakhalin II project, which will produce offshore gas and oil from Russia’s far eastern coast. In 2001, the shareholders of Sakhalin Energy – Shell, Mitsui and Mitsubishi – asked the EBRD to partially finance the project. This prompted many, including Friends of the Earth groups, to pressure the Bank not to do so.
Friends of the Earth International has been working with FoE groups in West Africa to support a stronger network and more solidarity among communities affected by the West African Gas Pipeline (WAGP). This pipeline, which is now operational, runs from Nigeria through Benin, Togo and Ghana. In 2007 FoEI saw a major campaign goal achieved: the World Bank approved a July 2007 inspection of the controversial pipeline project.
In October 2007, Friends of the Earth International held a Public Hearing on the World Bank. Now you can order a film that presents the voices and faces of witnesses who gave testimony on how World Bank policies and practices impact our world.
The December 2007 climate summit, held in Bali, Indonesia marked the deadline for nations to agree on a “road map” for a new agreement to tackle climate change, beyond the current 2008-12 Kyoto Protocol commitment period.
Possibly the Amazon’s most damaging fossil fuel development, the $1.6 billion Camisea Gas Project has pushed two pipelines through a globally-significant Amazon biodiversity hotspot. It aims to extract gas inside the Kugapakori-Nahua State Reserve, where Indigenous peoples live in voluntary isolation from society.