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Institute for Policy Studies
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    • Released October 2, 2001
    Credit Where It's Due
    By Kate Hampton

    This report, prepared with World Wildlife Fund International, examines the traditional approaches that export credit agencies have taken toward project finance, much of which is unsustainable, and recommends an array of policy options that could help them steer project finance in emerging economies and developing countries toward sustainable energy development.

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    • Released April 28, 2000
    Chad-Cameroon Pipeline
    By Christine Bustany and Daphne Wysham

    The World Bank’s proposed Chad-Cameroon pipeline project, the largest construction project in Sub-Saharan Africa, is scheduled to be presented to the World Bank’s board of directors on May 23, 2000. The State Department has documented numerous cases of human rights abuses committed by the governments of Chad and Cameroon. Less known is the fact that one of the private sector partners in this pipeline project, the U.S.-based Chevron Corporation, is charged with serious human rights abuses in neighboring Nigeria, including complicity in abuses and killings that took place in 1998 and 1999. This paper argues that the World Bank should discriminate in its financial investments against both state and non-state actors based on their human rights records.  

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    • Released April 28, 1999
    OPIC, Ex-Im & Climate Change: Business as Usual?
    By Jon Sohn, Jim Vallette, Daphne Wysham

    The two U.S. export credit/investment insurance agencies (ECAs), the Overseas Private Investment Corporation (OPIC) and Export-Import Bank of the United States (Ex-Im), are world class climate destabilizers: From 1992-98, these two agencies together underwrote $23.2 billion in financing for oil, gas and coal projects around the world; these projects will, over their lifetimes, release 29.3 billion tons of carbon dioxide. This figure is slightly greater than all global emissions for 1996. This investment in fossil fuels far outpaces those of some multilateral development banks, such as the European Bank for Reconstruction and Development ($1.2 billion and 6.5 billion tons of CO2 from 1992-97 ) and rivals that of the World Bank ($13.6 billion and 37.5 billion tons of CO2 from 1992-98).  

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