Resources: Economics and finance, Information Request

2 results
ECGD's assessment of Petrobras P-52 oil production platform

1 July 2010

A UK government department is underwriting loans taken out by the Brazilian state-run energy company, Petrobras, for an offshore oil production platform operating in the Atlantic Ocean in even deeper waters than those in the Gulf of Mexico where BP's exploration well is spewing forth oil after the Deepwater Horizon drilling rig exploded and sank in April this year.

BPU Review made public after Information Tribunal

11 August 2009

After the BTC Consortium, led by BP, formally asked the UK's export credit agency, ECGD, for financial support for its BTC oil pipeline project, ECGD's Business Principles Unit (BPU) assessed the potential environmental and social impacts of the project. The BPU's findings and recommendations were critical to ECGD's issuing significant financial guarantees for the project in February 2004.

 

When The Corner House put in an information request for a copy of the BPU's report, it was refused. Only after appeals and counter appeals was the information finally released in August 2009.