Feb 05, 2004
Three years ago World Bank President Wolfensohn agreed to commission an Extractive Industries Review (EIR) to examine its controversial support for the oil, gas and mining industries. In mid-January the report of the review was tabled, containing many strong criticisms of the Bank's record in this sector and a series of detailed recommendations, reports the latest edition of the Bretton Woods Update. Nur Hidayati of WALHI, an Indonesian environmental NGO, commented: "The review acknowledges that the benefits of oil, mining and gas projects are often questionable and that there is much evidence that the extractive industries violate indigenous peoples' rights and are associated with loss of livelihoods and climate change."
































