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Article

26 Aug 2008

Author:
The Corner House, Kurdish Human Rights Project, Platform, CEE Bankwatch & Friends of the Earth

[PDF] Regional Conflict and BTC Pipeline: Concerns over ECGD’s due diligence

[Memorandum to Environmental Audit Committee] The Corner House, Kurdish Human Rights Project, Platform and CEE Bankwatch are concerned that ECGD’s [UK Export Credits Guarantee Department] support for the BTC [Baku-Tbilisi-Ceyhan] project has contributed to the general destabilisation of the region,…raising serious concerns over the quality of ECGD’s due diligence…Both before and after ECGD’s decision to fund the BTC oil pipeline in December 2003, national and international non-government organisations (NGOs) repeatedly warned ECGD and other funders of the high risks posed to the project by conflicts in the region – and the strong possibility that the project itself would exacerbate such conflicts…Documents released in response to Freedom of Information requests cast severe doubt on the extent to which such risks were adequately assessed by ECGD or by the government departments on which it relied for advice.