Slow progress on World Bank’s oil, gas and mining commitments
Management [of the World Bank] had proposed [in September 2004] reforms on: the explicit tracking of poverty reduction associated with extractive industry projects;...broader inclusion of local stakeholders; the development of a more systematic approach to revenue transparency; and increased lending for renewable energy projects. In a letter to Rashad Kaldany, director of the Bank's oil, gas, mining and chemicals department, 73 NGOs raised a number of serious concerns [regarding implementation of these commitments]... [also refers to concerns regarding Baku-Tbilisi-Ceyhan pipeline & BP; Yanacocha mine (joint venture Newmont & Buenaventura); Lihir Gold; Kumtor (joint venture Cameco & Kyrgyzstan Govt.); Bulyanhulu mine, owned by Barrick Gold; Freeport-McMoRan]