Resources: Energy, Export Credit Agencies

14 results
Ruling places BP in breach of its loan agreements, say campaigners

9 March 2011

A BP-led consortium is breaking international rules governing the human rights responsibilities of multinational companies in its operations on the controversial Baku-Tbilisi-Ceyhan oil pipeline, the UK Government ruled today.

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.

ECGD did not assess human rights impacts of conflict risks

26 August 2008

The route of the BTC pipeline from Armenia through Georgia to Turkey passes in or near seven existing conflict zones, including South Ossetia and Armenia. The Corner House raised this issue with the UK’s export credit agency, ECGD, the National Audit Office and the Environmental Audit Committee of the UK Parliament.

over Sakhalin II oil-and-gas project
WWF-UK and The Corner House

15 August 2007

On 15 August 2007, WWF and The Corner House filed for a judicial review of a legally-binding, but until recently undisclosed, decision in March 2004 by the UK Government's Export Credits Guarantee Department (ECGD) to support the Sakhalin II oil-and-gas project off the far eastern coast of Russia.

ECGD

20 May 2007

ECGD responded to a request under the Environmental Information Regulations for ECGD's information on monitoring the Sakhalin II oil and gas project.

Simon Clark and Stephen Voss

1 February 2007

This Bloomberg Markets article describes the allegations by BP consultant Derek Mortimore that the engineering company contracted to monitor the BTC oil pipeline has no experience in pipeline corrosion work.

Assessment Against ECGD Policies on Project Acceptability
The Corner House, Friends of the Earth (England, Wales and Northern Ireland), WWF-UK

26 April 2006

Any ECGD support for the Anglo-Dutch petrochemical multinational Shell to develop two oil and gas fields off Sakhalin Island in Russia's Far East would breach international guidelines and conflict with the UK's sustainable development commitments and its international environmental obligations.

Request to ECGD for information regarding BTC oil pipeline

13 December 2005

ECGD released some information related to the coating on the BTC oil pipeline in response to a Corner House information request. 

21 November 2005

The Common Terms Agreement, signed between the public sector lenders to the BTC oil pipeline project and the BP-led consortium building it, includes the environmental and social conditions to which the consortium agreed to adhere.

Trade and Industry Committee Inquiry into Implementation of ECGD's Business Principles

4 April 2005

The UK Parliament's Trade and Industry Committee held an inquiry into support provided for the BTC pipeline by the UK's export credit agency, ECGD. It focused on allegations that the companies involved knew about safety problems with the anti-corrosion coating chosen to seal the pipeline's joints before it was buried, but did not disclose them to ECGD. Contrary to previous public and parliamentary assurances, ECGD officials admitted to the inquiry that the coating had not been properly tested and it was being used for the first time.

Confirmation of conditional support
Export Credits Guarantee Department

4 March 2004

In response to a Freedom of Information request from The Corner House, the UK's Export Credits Guarantee Department (ECGD) released a letter it had written on 4 March 2004 to the Sakhalin Energy Investment Company confirming that it had approved conditional support for several UK contracts for the Sakhalin II project.

A critical review

1 October 2003

The Baku Ceyhan Campaign, of which The Corner House is a part, carried out a detailed study of the Environmental Impact Assessment for the Turkish section of BP's Caspian oil pipeline, and found 173 violations of international standards, including the World Bank's own lending policies.

A February 2004 Sunday Times article alleged that BP knew about safety faults with its anti-corrosion sealant coating for its Caspian oil pipeline, but did not disclose them when trying to secure funding from publicly-funded export credit agencies and multilateral development banks. A UK government minister and officials from the UK's export credit agency gave public assurances that the coating had been used extensively elsewhere on similar pipelines, but subsequently-released documents indicate that it had not.

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.