Energy & Extractive Industries

World Bank GROUP extractive industry, Fossil fuel and renewable energy financing statistics, FY05-08

International Financial Institution Extractive Industries Financing Statistics

IFI Financing for Extractive Industries 2006-2007, May 15, 2008, Bank Information Center (Adobe pdf, 50 KB)

Regional Extractive and Energy Project Spreadsheets

• Africa, last updated May 14, 2007 (BIC website) (MS Excel 304 KB)
• Asia, last updated September 6, 2007  (BIC website) (MS Excel, 370 KB) 
• Europe & Central Asia, last updated August 7, 2007 (BIC website) (MS Excel 386 KB)
• Latin America & Caribbean, last updated August 30, 2007 (BIC website) (MS Excel 376 KB)
• Middle East and North Africa, last updated May 14, 2007 (BIC website) (MS Excel 264 KB)

Official Documents

• Draft World Bank Group Management Response to EIR, World Bank, June 4, 2004 (Acrobat pdf 388 KB). Also available: Français, Russian, Español (World Bank website)
• EIR Final Report: "Striking A Better Balance" (WB website)
• European Parliament Resolution on the EIR, March 31, 2004 (Acrobat pdf 125KB)
• The World Bank Group’s Energy Program: Poverty Reduction, Sustainability, and Selectivity (World Bank website)
• Cross-Border Oil and Gas Pipelines: Problems and Prospects, June 2003 (World Bank website)
• Issues in Oil Revenue Management, World Bank presentation, October 2002 (World Bank website)

Transparency and Revenue Management

• New Oil Revenue Could be Mixed Blessing for West African Countries, Africa Online, June 23, 2003 (Africa Online website)
• Statement by George Soros on the EITI, London Conference, June 17, 2003 (DFID website)
• Publish What You Pay: Confronting Corruption and the Natural Resource Curse, by Thomas I. Palley, Globalization Reform Project, Open Society Institute, March 4, 2003 (OSI website)
• Extractive Industries Transparency Initiative, Department for International Development, UK, September 2002 (DFID UK website)
• A Global Overview of Oil Funds, by Dr. Eric D.K. Melby, The Center for Strategic & International Studies, August 2002 (CSIS website)
• Revenue Sharing presentation, IGAD Symposium, The Center for Strategic & International Studies, July 16, 2002 (CSIS website)

Extractive Industry Review (EIR) Updates

• EIR Update #8 Bank Information Center, September 2006 (MS Word 110 KB)
• EIR Update #7 Bank Information Center, May 2006 (MS Word 44 KB)
• EIR Update #6 Bank Information Center, April 2006 (MS Word 64 KB)
• EIR Update #5 Bank Information Center, January 2006 (MS Word 78KB)
• EIR update #4 Bank Information Center, September 2005 (MS Word 72KB)
• EIR Update #3 Bank Information Center, August 2005 (MS Word 67KB)
• EIR Update #2 Bank Information Center, July 2005 (MS Word 82 KB)
• EIR Update #1 Bank Information Center, April 2005 (MS Word 46KB)

Civil Society Analysis

Available Company Data for IFC Required Disclosures (Acrobat pdf, 174 KB)

• Quick Reference Guide to Extractive Industries’ Revenue and Contract Transparency at the International Financial Institutions, Bank Information Center, February 2007 (Acrobat pdf, 76 KB)
• The World Bank Group, the Extractive Industries Review (EIR) and Governance: Evaluating the Bank Group's implementation of its commitments by Shannon Lawrence and Nikki Reisch, January 2006 (Acrobat pdf 246KB)

• Public Disclosure of Legal Agreements in EBRD Extractive Industry Projects, Bank Information Center (Acrobat pdf, 39 KB)

• EIR Implementation Status Report: World Bank commitments on Revenue and Contract Transparency , Bank Information Center (Acrobat pdf, 65 KB)

• Revenue Transparency in the Extractive Industries: The role of International Financial Institutions by Heike Mainhardt, Bank Information Center, November 2004 (Acrobat pdf 174 KB)
• Declaration of Indigenous Peoples at the International Conference for Renewable Energies, June 1, 2004
• Statement of the Africa Initiative on Mining, Environment and Society (AIMES), May 2, 2004 (Acrobat pdf 28KB)
• Summary of EIR Recommendations for Adoption by the World Bank Group, Spring 2004
• The Chad-Cameroon Pipeline: the Case for Implementation of the EIR Recommendations, Bank Information Center, Catholic Relief Services and Environmental Defense, April 2004 (Acrobat pdf 89KB)
• Statement of the African Initiative on Mining, Environment and Society on the Extractive Industries Review, March 2004 (Acrobat pdf 130KB)
• EIR Final Report: "Striking A Better Balance", (EIR website)
• The World Bank and Fossil Fuels: At the Crossroads, a Sustainable Energy and Economy Network and Institute for Policy Studies Brief, September 2003 (SEEN website)
• Bottom of the Barrel: Africa's Oil Boom and the Poor, Catholic Relief Services, June 2003 (CRS website) (This report released by CRS examines the implications of the growing investment in Africa's oil resources for the continent's poor.)
• Investing in Destruction: The Impacts of a WTO investment Agreement on Extractive Industries in Developing Countries, Oxfam America, June 2003, (Oxfam website) (report describing how proposed multilateral investment agreements will limit the ability of governments in developing countries to foster pro-poor investments and regulate extractive industries)
• Caspian Oil Windfalls: Who Will Benefit?, OSI Caspian Revenue Watch, May 14, 2003, (OSI website)
• Indigenous People’s Declaration on Extractive Industries, April 2003 (Bankwatch website)
• Poverty Reduction or Poverty Exacerbation? WBG Support for Extractive Industries in Africa, April 2003 (Acrobat pdf 1 MB) Also available: Français (Acrobat pdf 560 KB) (This NGO-commissioned report describes the obstacles to the use of extractive industries as instruments of poverty alleviation and sustainable development, and poses a series of critical questions regarding the role the World Bank Group plays in extractive industries in Africa.)
• Oil Funds: Answer to the Paradox of Plenty?, Friends of the Earth, November 2002 (FoE website) (This paper by Friends of the Earth examines the structure of oil funds in several projects and discusses weaknesses in their design.)
• The World Bank and Fossil Fuels: A Clear and Present Danger, by the Sustainable Energy and Economy Network, September 2002 (SEEN website)
• Leaking Operations: Environmental Consequences of World Bank and EBRD involvement in the Russian Oil Sector, by Irina Baranova, CEE Bankwatch Network, April 2001 (Bankwatch website)
• Fuel for Change-World Bank Energy Policy: Rhetoric and Reality, editor Ian Tellam, (Bankwatch website, Zed Books, Both ENDS; 2000) (Get Hardcopies at Zed Books)
• The Political Economy of the Resource Curse, by Michael Ross, UCLA, World Politics, January 1999 (UCLA website) (Multiple links to Ross’s writings)
• EBRD's Environmental Promise: A Bounced Check? Part II, by Donald M. Goldberg and David B. Hunter, Center for International Environmental Law (CIEL website)

Transparency of Extractive Industry Contracts - Understanding World Bank Group Influence (pdf, 57 KB)

Transparency of Extractive Industries Contracts - The Case for Public Disclosure (pdf, 73 KB)

Correspondence

• Indigenous letter to WB Board of Directors regarding Management response to the EIR, July 19, 2004 (Acrobat pdf 67 KB)

Press

• Chad says wants to use oil money to buy weapons Reuters, April 19, 2006 (ABC News website)
• Goups appeal to World Bank unit over Newmont mine by Lesley Wroughton, January 30, 2006 (Reuters website)
• Digging Deep: Mining faces up to the cost of presenting a cleaner image to the world extractive industries by Rebecca Bream, January 17, 2006 (Financial Times website)
• The Price of Oil by Peter Maass, December 18, 2005 (New York Times website)
• Oil and Development Editorial, December 17, 2005 (Washington Post website)
• Breaking the Oil Curse The New York Times, December 16, 2005 (New York Times website)
• Weighing the Cost of a Gold Bauble, New York Times (New York Times website)
• 'Resource Curse' Holds No Fears for Newest Petro-Economy by Hose Ramos Horta, The Australian, August 16, 2004

Useful Web Pages

• SEEN database (SEEN maintains a global database of International Financial Institution and Bilateral aid organization support for fossil fuel projects.)
• Sustainable Energy and Economy Network (SEEN)
• Extractive Industries Transparency Initiative (Promotes a global standard for extractive industry transparency.)
• Publish What You Pay (Promotes transparency of oil, gas and mineral revenues, in order to enforce the accountability of governments in resource-dependent countries for the use of extractive industry revenues.)
• CEE Bankwatch Campaign on Mining
• Mining Watch Canada (newsletters and information)
• The International Institute for Environment and Development’s Mining, Minerals and Sustainable Development
• International Council on Mining and Metals (information from the mining industry)
• Global Mining Campaign (Global Mining news, information on communities and mining)
• Mines and Communities (Information about the impacts of mining on surrounding communities and civil society mobilization to protect the environmental and social rights of local populations.)
• Global Mining Initiative
• Third World Network-Africa’s Mining Campaign
• Friends of the Earth Campaign on Oil, Mining & Gas (FoE is coordinating a campaign of more than 200 organizations from 55 countries calling on the World Bank to phase out financing for oil, gas and mining.)
• Oxfam America’s Oil, Gas, and Mining Campaign
• CEE Bankwatch Campaign on Oil & Climate
• World Bank Oil, Gas, Mining and Chemicals Department webpage
• Extractive Industries Review Reports and Stakeholder Comments
• EBRD’s Renewable Energy Project
• Project Underground
• African Initiative on Mining, Environment and Society, coordinated by TWN-Africa
• Crude Accountability (works with groups in the Caspian basin to protect the environment and promote environmental justice for communities impacted by natural resource extraction.)
• Oilwatch (international resistance network that opposes the activities of oil companies in tropical countries.)