Resources: Energy, Multilateral Development Banks

3 results
Nicholas Hildyard

20 October 2018

The World Bank has invested almost a quarter of a billion dollars in Seven Energy, an oil and gas company operating in Nigeria. Months before the first investment was made, the then Governor of Nigeria's Central Bank alleged that the company's flagship contract involved operating a scheme that was looting billions of dollars in state revenues. A number of the people associated with the contract are now either on the run or charged with money laundering.

on Updated Analysis and Continued Opposition to Financing for Sakhalin II
15 NGOs

2 August 2007

In August 2007, the European Bank for Reconstruction and Development (EBRD) was considering financing the Sakhalin II oil and gas project. Some 15 environmental organisations wrote this updated analysis and renewed their call for the Bank to decline financing.

Between 2002 and 2005, The Corner House and its partners conducted fact-finding missions to areas along the route of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to gather information about community expectations and opinions, impacts, and the consultation and land expropriation process carried out by the BTC consortium (led by British oil multinational BP) building the pipeline.